BHP Billiton to squeeze more iron volume at lower cost from mines

BHP Billiton (NYSE: BBL - news) , the world's largest diversified miner, said it aimed to squeeze more tonnage from its iron mines at less expense per tonne as it aims to overtake rival Rio Tinto (Xetra: 855018 - news) as the world's lowest-cost producer. "We will continue to squeeze the lemon because at the end of the day it's just so value accretive," Jimmy Wilson, the head of BHP's iron ore ...