StockMarketWire.com - BHP Billiton's production increased by 9% for the nine months ended March with records achieved for 10 operations and five commodities.

The group says it is on track to deliver production growth of 16% over the two years to the end of the 2015 financial year.

Petroleum production increased by 6% to a record 193 MMboe supported by a 76% increase in Onshore US liquids volumes to 40.2 MMboe. Guidance for the 2015 financial year remains unchanged at 255 MMboe.

Copper production increased by 2% to 1.3 Mt as strong underlying operating performance at Escondida more than offset the impacts of severe weather in northern Chile, lower grades at Antamina and a mill outage at Olympic Dam. Production for the 2015 financial year is now expected to be 1.7 Mt.

Western Australia Iron Ore production increased by 16% to a record 188 Mt (100% basis) underpinned by continued improvements in our integrated supply chain. WAIO production for the 2015 financial year is now expected to be 250 Mt (100% basis). The group says the potential of its installed infrastructure continues to exceed expectations and as a result its deferring the Inner Harbour Debottlenecking project. While this will lead to a slower path to system capacity of 290 Mtpa, it will come at a lower capital cost.

Metallurgical coal production increased by 14% to 38 Mt and reflected record volumes at both Queensland Coal and Illawarra Coal. Production for the 2015 financial year is now expected to be 49 Mt.

Chief executive, Andrew Mackenzie, said: "Our teams continue to exceed expectations and deliver strong operating performance. Our commitment to sustainably improve productivity and lower costs is helping mitigate the impact of subdued commodity prices and supporting returns for our shareholders.

Russian gold producer Highland Gold Mining posts operating profits of $55.8m for the year to the end of December - down from $77.0m last time. The group posts a net loss of $24.8m against a profit of $54.7m.

Total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora rose 10.8% to a record 258,937 oz of gold and gold equivalents (2013: 233,696 oz) while all-in sustaining costs fell to $809 per oz - down from $842 in 2013.

The results include impairment of Klen goodwill and other long-term assets of US$11.4m due to postponement of project development; a $9.6m foreign exchange loss and $49.4m non-cash deferred tax charge.

Chairman Eugene Shvidler said: "In 2014, Highland Gold began commercial production at its third mine, Belaya Gora, while reaching record output at Novoshirokinskoye, continuing efforts to extend the life-of-mine at Mnogovershinnoye, and taking important steps in the process of bringing the Kekura project to fruition.

"The company achieved record output while maintaining fiscal discipline, despite the ongoing challenges faced by the industry.0

"While we recorded a net loss for the year due to one-off charges, the Company's underlying fundamentals remain sound even against the backdrop of lower gold prices. The board and I are confident that 2015 will see further improvement in our operational performance."

Eurasia Mining has raised £515,700, gross, following the placing of 93,763,636 shares at 0.55p apiece.

The fund raised in this placing will be used to support underlying working capital requirements but specifically to allow the advancement of a number of company initiatives which require a degree of working capital to enable progress to be made.

Tengri Resources (AIM: TEN), the mining exploration and development company focused on high quality low cost gold-copper projects in Central Asia, has raised $1m of new capital in the form of convertible unsecured loan notes.

Together with the recently completed $4m financing, this new capital contributes to the progression of feasibility and technical studies at the company's Taldybulak and Andash gold and copper projects in the Kyrgyz Republic.

Gary Lewis, executive chairman, commented: "The additional support from new institutional investors is encouraging and provides further endorsement of Tengri's strategy to fast track development of the Taldybulak project.

"Having strengthened its balance sheet with minimal dilution to shareholders, the company can continue to undertake the work required to execute its strategy with confidence. We look forward to updating investors in the near term."

At 4:11pm:

[LON:AQP] Aquarius Platinum Ltd share price was -0.17p at 8.77p

[LON:BEM] Beowulf Mining PLC share price was 0p at 1.55p

[LON:BKY] Berkeley Resources Ltd share price was 0p at 12p

[LON:BLT] BHP Billiton PLC share price was +20p at 1483p

[LON:CEY] Centamin PLC share price was -0.7p at 60.9p

[LON:CHL] Churchill Mining PLC share price was 0p at 11p

[LON:CZA] Coal of Africa Ltd share price was +0.32p at 2.97p

[LON:EUA] Eurasia Mining PLC share price was -0.18p at 0.6p

[LON:FDI] Firestone Diamonds PLC share price was 0p at 27p

[LON:FRES] Fresnillo PLC share price was -8p at 701p

[LON:GEMD] Gem Diamonds Ltd share price was -0.12p at 138.38p

[LON:HGM] Highland Gold Mining Ltd share price was +0.13p at 41.63p

[LON:HOC] Hochschild Mining PLC share price was -3.75p at 88.25p

[LON:KMR] Kenmare Resources PLC share price was -0.05p at 3.17p

[LON:TEN] Tengri Resources Ord 5p di share price was -0.25p at 3.13p

[LON:VED] Vedanta Resources PLC share price was +2.5p at 592.5p



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