Original article by James Thomson
The Australian Financial Review – Page: 24 : 23-Aug-18
BHP’s Escondida copper mine in Chile had record throughput in 2017-18, while the mine’s underlying EBIT rose by 136 per cent to $US3.3bn. Danny Malchuk, the head of BHP’s Minerals Americas division, has downplayed concerns about a sharp fall in the copper price in the last two months, arguing that BHP’s focus is on the long-term outlook. He says that while global trade tensions have contributed to the pullback in the copper price, the lack of strike action at the world’s major copper mines has also had an impact on prices.
BHP BILLITON LIMITED – ASX BHP, MINERA ESCONDIDA LIMITADA, SAMARCO MINERACAO SA