On Apr 17,
BHP Billiton Plc.
), a natural resources company, reported improved quarterly
year-over-year production data, ended March 2013, for most of its
BHP saw a year-over-year increase in production across most of
its products including aluminium, nickel, copper, zinc, iron,
manganese alloy and metallurgical coal in the quarter ended March
2013. However, yield of some products like petroleum, lead, gold,
silver, diamonds and energy coal declined year over year during
As announced in the last quarter, BHP Billiton completed the
sale of its stake in the EKATI mine on Apr 10, for a
consideration of $533.0 million, thereby closing its diamonds
BHP Billiton expects total crude oil production to increase
further in the June quarter. The company hopes to augment its
output by digging new wells and through development of
infrastructure. Alumina production increased 15.0% year over
year, led by a significant contribution from the Efficiency and
Growth project at Worsley (Australia).
Although no major development and exploration projects
received approval in the reported quarter, BHP Billiton expects
that the 19 major projects currently in development stages will
start production by the end of financial year 2015.
A day earlier, another mining giant,
Rio Tinto Plc.
), revealed its production data for first quarter 2013, ended
March 31, 2013. The company posted an increase in most of its
products for the quarter.
BHP Billiton is scheduled to release its preliminary results
for fiscal 2013 on Aug 21, 2013. Being a company which reports
its results half yearly, BHP Billiton's earnings for the fiscal
depends to a large extent on the production status of quarter
ending June 2013.
BHP Billiton currently carries a Zacks Rank #3 (Hold). Other
stocks worth a look in the mining industry are
); carrying a Zacks Rank #1 (Strong Buy) and
), carrying a Zacks Rank #2 (Buy).
ALUMINA LTD (AWC): Free Stock Analysis Report
BHP BILLITN LTD (BHP): Free Stock Analysis
CAMECO CORP (CCJ): Free Stock Analysis Report
RIO TINTO-ADR (RIO): Free Stock Analysis
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