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BHP Billiton Expecting Record Iron Ore Production in 2012

BHP Billiton announced that it was going to set new records in the production of iron ore in 2012. The statement from the mining giant came on Wednesday in light of the expansion of mining operations in the Pilbara region of Western Australia.

The proof was offered in the 22% rise in production that BHP Billiton had in the December quarter. The Melbourne based company said that iron ore production for the quarter ending December 31, 2011 was 41.1 million tons as compared to 33.7 million tons for the quarter ending December 31, 2010.

The world’s largest mining company is optimistic about its main earning mineral despite predictions of slowdown in demand from China, its primary market. It is not the only one as main rival Rio Tinto also announced that it was going to invest billions of dollars in mines and ports to help push up its iron ore output this year.

Rio Tinto CEO Tom Albanese said that the second half of 2011 was characterized by bouncing back following the severe weather in the first half. As per him the most significantly impacted due to the weather were the production of iron ore, coal and uranium. Rio Tinto also posted a record production of iron ore for the last quarter ending December 31.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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