BHP Downgrades Escondida Copper, Nickel Production Guidance for Fiscal Year
20 Abril 2023 - 6:34PM
Noticias Dow Jones
By Rhiannon Hoyle
BHP Group Ltd. on Friday said it expects to produce less copper
than expected at the Escondida mine in northern Chile this fiscal
year, but retained its group copper-production estimate citing
strong performance at other operations in Chile and Australia.
The world's largest miner by market value cut its annual
estimate for nickel production, however, due in part to heavy
rainfall.
BHP cut its production guidance for the Escondida copper
operation in the year through June to 1.05 million to 1.08 million
metric tons, from 1.08 million to 1.18 million previously.
"Given the strong performance at the other copper assets,
full-year total copper production guidance remains unchanged" at
1.635 million to 1.825 million tons, the company said.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
April 20, 2023 19:19 ET (23:19 GMT)
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