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04/05/2007 WIRE: HANDOUT RESTRICTED TO EDITORIAL USE AND EDITORIAL SALES - MANDATORY CREDIT 'AFP PHOTO / CHRISTIAN SPROGOE / RIO TINTO' (FILES) This undated handout photo released on September 4, 2009 by Rio Tinto shows a reclaimer working in the Yandicoogina stockyard and loading a conveyor with high grade iron ore in Western Australia's Pilbara region. Rio Tinto announced a 3.1 billion US dollar expansion of its Western Australia iron ore operations on October 20, 2010 two days after the demise of an ambitious merger with fellow mining giant BHP Billiton. AFP PHOTO / CHRISTIAN SPROGOE / RIO TINTO

BHP breaks ranks on iron ore

IT was only two sentences in a quarterly report but a significant split has occurred between Australia’s iron ore giants — BHP has signalled it is slowing its expansion.

Mining
An undated handout photo made available 03 August 2005 shows a worker inspecting iron ore stockpiles at the outback location of Marandoo. Rio Tinto reports a record first-half net profit of 2.17 billion US dollars 03 August 2005. Rio Tinto posted the result, well ahead of market forecasts following a China-driven boom for resources and solid production figures. AFP PHOTO/RIO TINTO/HO (EDITORIAL USE ONLY)

BHP slows iron ore growth

BHP Billiton has shrugged off price worries to lift iron ore production guidance for this year by two per cent to 250 million tonnes but has delayed growth beyond that.

Original URL: https://www.couriermail.com.au/business/companies/mining/page/150