BHP cuts FY2019 copper guidance amid outages at Olympic Dam, Spence

BHP has cut its production guidance slightly for its 2019 financial year started July 1, 2018, citing reduced output led by outages at Olympic Dam in Australia and Spence in Chile, the copper producer said on Wednesday October 17.

BHP has lowered its copper output target for the full year by 3% to 1.62-1.705 million tonnes, according to the company’s operational review report. Operations at the company’s Spence electro-winning plant were halted by a fire in September. Meanwhile, earlier planned maintenance also means output at the facility will be lower year on year and below earlier targets. The...

Published

Julian Luk

October 17, 2018

12:17 GMT

London