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Opening Quote: BHP digs more iron ore, Drax digs biomass

Summary:
BHP digs more iron ore, Drax digs biomass. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. BHP Billiton’s future prospects are, according to some analysts, much less to do with how much coal it digs, and much more to do with how much its new chairman digs Elliott Partners’ proposed new strategy. Unfortunately, its latest operational update only really addresses the former, rather than the latter.BHP has reported that its iron ore production rose 4 per cent for the 2017 financial year to 268m tonnes, while production in the three months to June rose 8 per cent to 60m tonnes.But it said it expects to book charges of 6m following industrial action at its Escondida copper mine in Chile. In its last

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BHP digs more iron ore, Drax digs biomass. FT Opening Quote, with commentary by...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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