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BHP boss talks up future

BHP says it is on track to squeeze out a further US$2 billion in productivity gains by the end of the 2019 financial year, including reductions in the costs of its WA iron ore business to less than US$13/t, and driving costs at Escondida to less than $1.15 per pound.

Haydn Black
Worker at Jimblebar.

Worker at Jimblebar.

Speaking at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference in Florida overnight, BHP CEO Andrew Mackenzie boasted that the company was on track to generate $14 billion in gains...

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