Escondida copper output down 6%
BHP’s Escondida mine in Chile's Atacama region produced 6% less copper from July 2018 to March 2019. Output fell to 848,000t due to lower copper grades. But the drop was partly offset by record concentrator throughput, the company said in an operational review.
Copper production at the company's Pampa Norte asset was down 11% to 172,000t in the same period, which reflected planned maintenance and a production disruption at Spence following a fire at the electro-winning plant in September 2018. Heavy rainfall in northern Chile in February had an additional impact at both Spence and Cerro Colorado.
Pampa Norte’s lower production was partially offset by record ore milled at both operations after implementing maintenance improvement.
BHP’s total copper production decreased 3% to 1.24Mt, the company said.
GUIDANCE
Production guidance at Escondida remains unchanged at between 1.12Mt and 1.18Mt for FY2019, with volumes expected at the lower end of the range, the company added.
Production guidance at Spence and Cerro Colorado also remains for FY2019 at between 160,000t and 175,000t and 60,000t and 70,000t respectively.
BHP’s overall guidance for the period remains at between 1.65Mt and 1.74Mt.
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