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BHP Billiton delays output boost as iron ore prices fall

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The world's third-largest iron ore miner said that it was deferring a project to boost the handling capacity at its Port Hedland iron ore port.

Sydney

BHP Billiton said on Wednesday it would delay an expansion of its iron ore output to 290 million tonnes a year, becoming the first big miner to slow a planned production increase amid a plunge in prices.

The world's third-largest iron ore miner said that it was deferring a