BHP Billiton’s WA iron ore targets ‘highly achievable’: JPMorgan
JPMorgan argues the focus on BHP’s plans to create a separately-listed vehicle for its non core assets risks over-shadowing one of the miner’s most important recent developments, the expanded iron ore production in WA.
BHP Billiton ’s plans to create a separately-listed vehicle for its non-core assets stole the limelight at its recent results presentation but JPMorgan argues the focus on this deal risks over-shadowing one of the mining giant’s most important recent developments, its expanded iron ore production in Western Australia.
Yet despite the forecast ramp-up in productivity, and the resulting jump in export volumes, the investment bank maintained its neutral rating on the stock.
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