Home / Metal News / Copper / The total output of the world's eight largest copper mining enterprises decreased by 5.2% in the second quarter compared with the same period last year.
The total output of the world's eight largest copper mining enterprises decreased by 5.2% in the second quarter compared with the same period last year.
Jul 25,2019 11:28CST
translation
Source:SMM
Recently, the world's major copper mining companies have released their output reports for the second quarter of this year. Overall, the copper production of the eight major global mining companies fell 5.2 percent in the second quarter of this year compared with the same period last year, and the interference rate of superimposed multiple mining areas rose, reflecting to some extent the tension at the global mining end.
The content below was translated by Tencent automatically for reference.

SMM7, 25 March: recently, the world's major copper mining enterprises have released their own output reports for the second quarter of this year. Overall, the copper output of the eight major global mining enterprises fell 5.2% in the second quarter of this year compared with the same period last year. The rise in the interference rate of superimposed multi-mining areas can to a certain extent reflect the tense situation at the global mining end.

Antofagasta (Antofagasta Plc):

The second quarter performed well, with copper production up 22 per cent from 163200 tons in the same period last year to 198600 tons. The main cause is the high-grade copper deposit at the Centinela mine in northern Chile. So copper production reached 387300 tons in the first half of this year, also up 22.2 per cent from the first half of last year.

"Antofagasta Q2 earnings report

Southern Copper (Southern Copper):

Copper production in the second quarter was 256352 metal tons, up 16.5 per cent from a year earlier.

At present, the Tia Maria copper project owned by Southern Copper has attracted a lot of attention from the market.

This month Southern Copper was approved to build the $1.4 billion Tia Maria copper project, which is expected to help it become one of the world's top three metal miners and is expected to produce 120000 tons of copper a year.

But opponents of the project say there will be an indefinite strike until the permit is revoked. Protests broke out on 15 July.

OZ Mineral:

The company also achieved a 5.1 per cent year-on-year increase in copper production to 28525 tons in the second quarter, while the company also raised its copper production target for fiscal 2019, with copper production expected to rise from 97000 to 109000 metal tons to 103000 to 115500 metal tons in fiscal 2019.

"OZ Minerals Q2 Company Financial report

Anglo American Resource (Anglo American):

Copper production reached 159000 tons in the second quarter of this year, roughly the same as the same period last year, up 1 per cent. Total copper production in the first half of this year was 320000 tons, up 2 per cent from 313000 tons in the first half of last year.

"Anglo American Q2 earnings report

BHP Billiton (BHP):

Copper production in the fourth quarter of fiscal 2019 ended June 30 was 444000 tons, down 4 per cent from the same period in the previous fiscal year, but up 6 per cent from the previous quarter. Copper production for the whole of fiscal 2019 was 1.689 million tons, down 4 per cent from fiscal 2018.

"BHP Billiton Q2 earnings report

Rio Tinto (Rio Tinto):

Copper production was 137100 tons in the second quarter, down 13 per cent from 2018 and 5 per cent from the first quarter of this year. Total production in the first half was 281000 tons, down 5 per cent from the first half of last year.

"Rio Tinto Q2 earnings report

Minmetals resource (MMG):

Its Kinsevere copper production reached 16463 tonnes in the second quarter, down 20 per cent from the same period last year, but up 31 per cent from the first quarter of this year. Copper production at its Las bambas and Rosebery copper mines totaled 84695 tons in the second quarter, down 15 per cent from a year earlier and 17 per cent from a month earlier.

Among them, the Las bambas copper mine has frequent interference incidents this year.

Earlier this year, people in the Fuerabamba community blocked roads in and out of the Las Bambas copper mine for more than two months, and the mine's copper concentrate output could not be sent to the port, leading Minmetals Resources to declare a Las Bambas mine sales contract to declare force majeure.

In mid-April Minmetals Resources finally reached an agreement with the indigenous community. Local indigenous communities have also agreed to remove roadblocks and Minmetals resources can normally transport copper concentrate from the Las Bambas copper mine, while fuel transport has returned to normal.

Financial report of Minmetals Resources Q2 Company

Free port (Freeport McMoRan):

Copper production fell sharply in the second quarter of this year, down 24 per cent from 1.014 billion pounds (about 459942.5 tons) in the same period last year to 776 million pounds (about 351987.6 tons).

"Financial report of Freeport Q2 Company

 

Copper
capacity
price forecast
output

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news