BHP Billiton delays output boost as iron ore prices fall
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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 project to boost the handling capacity at its Port Hedland iron ore port, delaying a planned ramp up in production and cutting costs.
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