Economic & Industrial

BHP Billiton says it has seen no material impact from trade tensions

BHP Billiton says it has seen no material impact from trade tensions
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.
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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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