BHP to change gear at Escondida copper

Original article by Matt Chambers
The Australian – Page: 19 & 22 : 19-Mar-18

BHP Billiton has spent $US8 billion over the last six years on improvements to Escondida, the giant copper mine in Chile in which it and Rio Tinto own stakes of 57 per cent and 30 per cent respectively. Escondida is tipped to produce between 1.13 million and 1.23 million tonnes of copper in 2018, and BHP is aiming for annual production of 1.2 million tonnes per annum over the next decade. However, the quality of the copper grade produced by Escondida is expected to decline over this period.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, MACQUARIE GROUP LIMITED – ASX MQG

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s