BHP 0.43% $34.91 bhp group limited

bhp reduces production in brazil

  1. 6,072 Posts.
    http://news.theage.com.au/business/bhp-reduces-production-in-brazil-20081123-6ep0.html

    This is the operations in which BHP holds a 50% interest in with Vale. On a worst case scenario the reduction in iron ore pellets from Samarco assuming they were to stop producing now and up until 30 June 2009 would only account for around 5% of BHP's total Iron Ore production.

    In dollar terms I work this out to be approximately $130 million to their bottom line. Nevertheless its just more bad news we don't need.

    They are still going to produce from Samarco's third plant.

    I just wonder how the market on Monday will absorb this news?



 
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