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On December 7, 2023, a celebration event for BHP Billiton’s export of 3 billion tons of iron ore to China was held in Shanghai. Mike Henry, CEO of BHP Billiton, said in his speech that BHP Billiton's achievement is inseparable from the close cooperation and mutual benefit between it and its Chinese customers, and the mutually beneficial cooperation between the two parties has added a boost to global prosperity and development. .
BHP Billiton stated that it took more than 10 years for BHP Billiton's iron ore exports to China to increase from 100 million tons to 1 billion tons, while the leapfrog growth from 1 billion tons to 3 billion tons only took more than 9 years. This fully confirms China's rapid economic growth in the past 10 years. In order to meet China's rapidly growing demand for iron ore, BHP Billiton has continued to invest tens of billions of dollars in Western Australia over the past decade to continuously expand iron ore production capacity. Annual output has continued to increase from 65 million tons in the early days to the current 2.85 billion tons.
BHP Billiton stated that it will steadily move towards the mid-term target of 305 million tons in the future, and at the same time conduct research on achieving the long-term production target of 330 million tons.
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