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BHP reports higher H1 copper production, flat iron ore volumes

Published 01/17/2018, 05:29 PM
Updated 01/17/2018, 05:29 PM
© Reuters.  BHP reports higher H1 copper production, flat iron ore volumes
  • BHP Billiton (NYSE:BHP) issues a half-year operations update in which it maintains full year production and unit cost guidance for petroleum, copper, iron ore and energy coal
  • For H1 of the current fiscal year, BHP says production of copper and energy coal rose but iron ore volumes were flat and petroleum and metallurgical coal volumes were down.
  • BHP says it produced 117M metric tons of iron ore in the six months ended Dec. 31, flat Y/Y, but copper production rose 17% thanks in part to rising volumes at its Escondida mine.
  • BHP maintains its full-year production guidance for petroleum, copper, iron ore and energy coal but lowers its met coal outlook due to engineering problems at its Broadmeadow and Blackwater mines.
  • BHP expects underlying H1 EBIT to include US$250M-$350M in impairment charges, mostly related to conveyors at Escondida.
  • Now read: Cobalt Miners News For The Month Of November 2017


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