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BHP Q3 Copper Production Update

Metal News - Published on Tue, 22 Oct 2019

Image Source: mining.com
BHPB announced that its total copper production increased by 5% to 430 kilo tonne. Guidance for the 2020 financial year remains unchanged at between 1,705 and 1,820 kilo tonne. Escondida copper production decreased by one per cent to 293 kilo tonne, with record concentrator throughput of 369 kilo tonne per day in the quarter offsetting expected grade decline. Ongoing improvements in maintenance implemented as part of our Transformation agenda contributed to the higher throughput, with the rate increasing to 377 kilo tonne per day in September 2019. Guidance for the 2020 financial year remains unchanged at between 1,160 and 1,230 kilo tonne, underpinned by an expected uplift in concentrator throughput performance versus the prior year, partly offset by an approximately five per cent reduction in copper grade of concentrator feed.

Pampa Norte copper production increased by 47% to 64 kilo tonne, reflecting the impact of a fire at the electro-winning plant at Spence in the September 2018 quarter. Guidance for the 2020 financial year remains unchanged at between 230 and 250 kilo tonne, including expected grade decline of approximately 10%.

Olympic Dam copper production increased by 5% to 35 kilo tonne as a result of the prior period acid plant outage, partially offset by the impact of planned preparatory work undertaken in the September 2019 quarter related to the replacement of the refinery crane. The preparatory work is the most significant part of the project, with the physical replacement and commissioning of the refinery crane scheduled for the March 2020 quarter. Underground operations, the mill and the smelter performed to plan, enabling the build of anode stocks for processing through the refinery in the subsequent three quarters. Guidance for the 2020 financial year remains unchanged at between 180 and 205 kilo tonne.

Antamina copper production increased by two per cent to 38 kilo tonne and zinc production decreased by 33% to 20 kilo tonne, reflecting higher copper head grades and lower zinc head grades. Guidance for the 2020 financial year remains unchanged at approximately 135 kilo tonne for copper and approximately 110 kilo tonne for zinc.

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Posted By : Rabi Wangkhem on Tue, 22 Oct 2019
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