{"id":10009,"date":"2012-04-18T04:20:22","date_gmt":"2012-04-18T02:20:22","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-2-bhp-iron-ore-coal-mines-hit-by-bad-weather-strikes\/"},"modified":"2012-04-18T04:20:22","modified_gmt":"2012-04-18T02:20:22","slug":"update-2-bhp-iron-ore-coal-mines-hit-by-bad-weather-strikes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-bhp-iron-ore-coal-mines-hit-by-bad-weather-strikes\/","title":{"rendered":"UPDATE 2-BHP iron ore, coal mines hit by bad weather, strikes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* BHP says iron ore, coal mine yields hit by bad weather,<br \/>\nindustrial disputes<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Quarterly drop comes as competition in bulk commodities<br \/>\nheats up<\/p>\n<p><span><\/span><\/p>\n<p>* BHP says sees impact of coal dispute significant in<br \/>\nquarters to come<\/p>\n<p><span><\/span><\/p>\n<p>By James Regan<\/p>\n<p><span><\/span><\/p>\n<p>SYDNEY, April 18 (Reuters) &#8211; BHP Billiton<br \/>\non Wednesday posted sharp drops in iron ore and coal production<br \/>\n&#8211; key revenue earners for the world&#8217;s biggest mining house &#8211; for<br \/>\nthe first quarter of 2012 due to bad weather and labour unrest.<\/p>\n<p><span><\/span><\/p>\n<p>The declines come as competition heats up in global bulk<br \/>\ncommodities markets as demand from China for imported industrial<br \/>\nraw materials finally shows signs of waning after years of<br \/>\ndouble-digit growth.<\/p>\n<p><span><\/span><\/p>\n<p>Mining behemoths such as BHP, Xstrata Vale<br \/>\n and Rio Tinto  are counting on their<br \/>\nlarge-scale operations to provide economies of scale and an edge<br \/>\nover small competitors when demand softens. The more each miner<br \/>\ncan dig up, the lower the costs and greater the ability to<br \/>\nweather a downturn.<\/p>\n<p><span><\/span><\/p>\n<p>BHP said March quarter iron ore output fell 8 percent, while<br \/>\nmetallurgical coal production was down 14 percent against the<br \/>\nprevious quarter.<\/p>\n<p><span><\/span><\/p>\n<p>Production from its Queensland collieries supplying<br \/>\nsteel-making coal were constrained by a campaign of rolling work<br \/>\nstoppages and other industrial action by roughly a third of its<br \/>\nworkforce, coupled with the impact of heavy rain on mining and<br \/>\nshipping.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* BHP says iron ore, coal mine yields hit by bad weather, industrial disputes * Quarterly drop comes as competition in bulk commodities heats up * BHP says sees impact of coal dispute significant in quarters to come By James Regan SYDNEY, April 18 (Reuters) &#8211; BHP Billiton on Wednesday posted sharp drops in iron [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10009","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10009"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10009\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}