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Wednesday, April 20, 2011

BHP Billiton boosts Q3 iron ore output, warns on coking coal

Tue Apr 19, 2011 10:41pm GMT

SYDNEY, April 20 (Reuters) - BHP Billiton , the world's biggest mining house, reported a 7 percent jump in iron ore production for the third quarter on Wednesday but warned that persistent rains in Australia continued to curtail its coking-coal operations.

The company's metallurgical coal production is mostly centred In the northern Australian state of Queensland, which was inundated by record floods in the March quarter. BHP Billiton said wet conditions were likely to continue to impact its operations there for the remainder of calendar 2011.

BHP Billiton is the world's largest supplier of traded hard coking coal via a joint venture with Japan's Mitsubishi Corp .

In iron ore production, BHP is ranked a distant third behind Brazil's Vale and Britain-based Rio Tinto . (Reporting by James Regan; Editing by Mark Bendeich, sourced Thomson Reuters)

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