BHP Billiton Output at Olympic Dam Copper Mine Greatly Impacted by Power Outage-Shanghai Metals Market

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BHP Billiton Output at Olympic Dam Copper Mine Greatly Impacted by Power Outage

Industry News 06:46:17PM Nov 08, 2016 Source:SMM

SHANGHAI, Nov. 8 (SMM) - BHP Billiton said November 8 power outage led to a loss of three-week output at its Olympic Dam copper mine, according to wenhua.com.

Consequently, BHP’s 200,000 tonnes output target in 2017 fiscal year requires reconsideration.

The company incurred $260 loss each day during suspension based on $4,800 per tonne copper prices at present. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

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#1 Refined Cu
Apr.18
49600.0
40.0
(0.08%)
Yangshan Copper Premium(Bill of Lading)
Apr.18
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.18
50.5
-1.0
(-1.94%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.12
68.5
-0.5
(-0.72%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

BHP Billiton Output at Olympic Dam Copper Mine Greatly Impacted by Power Outage

Industry News 06:46:17PM Nov 08, 2016 Source:SMM

SHANGHAI, Nov. 8 (SMM) - BHP Billiton said November 8 power outage led to a loss of three-week output at its Olympic Dam copper mine, according to wenhua.com.

Consequently, BHP’s 200,000 tonnes output target in 2017 fiscal year requires reconsideration.

The company incurred $260 loss each day during suspension based on $4,800 per tonne copper prices at present. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.