SMM7 March 21: yesterday, BHP Billiton released its second-quarter production report, during the reporting period, BHP Billiton copper production in the second quarter totaled 414000 tons, down 7% year-on-year and 3% month-on-month.

Copper production at Escondida Mine (57.5% owned by BHP) was 294000 tons in the second quarter, up 2% from a year earlier. Second-quarter copper production at BHP Norte Mine was 55000 tons, down 26% from a year earlier. Second-quarter copper production at BHP Olympic Dam Mine was 48000 tons, up 5% from a year earlier. Second-quarter copper production at Antamina Mine (33.75% owned by Antamina) was 18000 tons, down 52% from a year earlier.

In fiscal year 2020, BHP Billiton produced a total of 1.724 million tonnes of copper, up 2 per cent from a year earlier.

In fiscal year 2021, BHP Billiton aims to produce 148-1.645 million tons of copper.

Note: BHP Billiton's fiscal year 2020 begins in July 2019 and ends in June 2020.

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