BHP to take massive writedowns; expects decline in copper output for 2016

BHP Billiton expects a 12% fall in copper production in financial year 2016 and will take a multi-billion-dollar writedown related to its South 32 demerger.

The miner will record a $2.1 billion net loss on the demerger of South 32 in the June 2015 half year, the miner said in a statement on Wednesday July...

Published

Shivani Singh

July 22, 2015

03:57 GMT

Singapore