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Report: BHP Billiton falls short on FY'16 iron ore export target

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Report: BHP Billiton falls short on FY'16 iron ore export target

BHP BillitonGroup may have shipped less than its targeted 260 million tonnes ofiron ore from Port Hedland in Western Australia's Pilbara region for the 2016financial year, The Australian Financial Review reported July14.

The Pilbara Ports Authority revealed earlier in July that454.2 million tonnes of iron ore had been shipped from Port Hedland during the2016 financial year.

The other miners that use the port — Roy Hill Holdings Pty. Ltd., ,Atlas Iron Ltd. andMineral Resources Ltd.— collectively shipped around 196 million tonnes, meaning BHP Billiton willhave shipped around 258 million tonnes, according to the AFR.

Meanwhile, UBS and Macquarie's estimates have come in at 257million tonnes and 255 million tonnes shipped, respectively.

BHP Billiton had originally expected to ship 270 milliontonnes during the 2016 financial year, but revised its target downward in Aprildue to adverse weather and railway maintenance.