BHP Billiton production results in line with expectations – analysts

City broker UBS says global mining firm BHP Billiton’s (LON:BLT) June production figures were slightly better than expected and gives the stock an unchanged 12 month rating of a ‘buy’ with a target price of £28.40.

The mining giant released the figures yesterday across the spectrum of its resources, including iron ore production up 14 percent year-on-year in the final quarter.