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Wednesday, October 17, 2018 - 4:51:03 PM
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Mining News Pro - BHP Billiton has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world`s biggest miner said on Wednesday.
According to Mining News Pro -We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the near term," Chairman Ken MacKenzie said in prepared remarks released ahead of the company`s annual general meeting in London.
BHP reported an 8 percent rise in first-quarter iron ore production on strong Chinese demand for high-grade ore, but cut its fiscal 2019 guidance for copper production citing outages.
(Reporting by Muvija M and Arathy S Nair in Bengaluru; editing by Jason Neely)
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