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BHP to keep iron ore mines running through year-end despite Rio suspension

Published 11/16/2016, 07:48 AM
BHP to keep iron ore mines running through year-end despite Rio suspension
BHP
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FMG
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RIO
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  • BHP Billiton (NYSE:BHP) says it will run its iron ore mines at full speed through the year-end amid surging global prices rather than suspend some Australia operations like rival Rio Tinto (NYSE:RIO).
  • Rio, Australia's biggest iron ore miner, yesterday announced a two-week shutdown during Christmas at its Hope Downs 4 mine in Western Australia, although it expects the mine to meet its 2016 production target.
  • Fortescue Metals (OTCQX:FSUMF) also says it will keep its operations running through Christmas.
  • BHP -2.5% premarket, RIO -1.8%.

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