BHP Billiton Escondida Mine Sees Copper Output down 22% in First Half

Sep 28, 2016 09:47

Source:SMM

Output at BHP Billiton’s Escondida mine fell 22% year-on-year to 539,824 tonnes in the first half of 2016 due to lower grade, according to wenhua.com.

SHANGHAI, Sep. 28 (SMM)- Copper output at BHP Billiton’s Escondida mine fell 22% year-on-year to 539,824 tonnes in the first half of 2016 due to lower grade, according to wenhua.com.

Sales revenue at the mine slid 35% year-on-year to $2.74 billion because of lower output and falling copper prices.

The firm’s profit totaled $527 million in the first half of the year, a drop of 52% year-on-year. Cost decreased 30% year-on-year.

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BHP Billiton Escondida Mine Sees Copper Output down 22% in First Half

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