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BHP Billiton Limited (NYSE:BHP): Closing price $77.93
On Tuesday, the company predicted a substantial drop in unit costs at its coal operation in Queensland state in the second half of the financial year, subsequent to its closing of two unprofitable mines, along with and increased output at the operation. The largest exporter of steelmaking metallurgical coal by sea has been plagued in recent years with flooding in Queensland and also a long-running labor dispute at a number of the mines it owns in the state jointly with Mitsubishi Corp. that was only settled in October.
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