The largest miner in the world - BHP Billiton – reported today that there has been a great rise in the iron ore production in petroleum and natural gas and the outputs have been quite strong in the quarter.

The production and output of 11 commodities has, according to the report, increased in the quarter ended September. BHP Billiton has shown confidence in its outlook due to the high demand from many countries including India and China.

In spite of the doubts going on in the developed world, BHP Billiton continues to be positive on the prospects for several of its main commodities. Its confidence can be attributed to the strength in the emerging economies and the ongoing delay in the response from the supply side.

BHP abandoned a 116 billion US dollar iron ore project with competitor and rival Rio Tinto this week due to rifts in the regulations.

The iron ore production of BHP totaled 32.0 million tons in the quarter, which is six percent more than that in the same period last year, and a two percent rise from the preceding three months.

BHP expects to maintain this strength of FY 2010 in FY 2011 also.