Billiton Plcs copper production rose 7 percent year on
year in the fiscal fourth quarter following a strong
performance by its Escondida and Antamina mines.
output of 333,200 tonnes for the three months ended June 30 was
also up 8 percent from the preceding quarter.
Copper production for
the companys fiscal year ended June 30 rose 10 percent to
1.2 million tonnes.
Copper production at
Escondida in Chile increased 28 percent to 1.1 million tonnes
(100-percent basis) for the year as the average copper grade
mined rose to 1.4 percent and milling rates improved, the
"This strong level of
performance is expected to be sustained during the 2014
financial year before increasing to approximately 1.3 million
tonnes (100-percent basis) in the 2015 financial year," the
BHP is the operator of
the Escondida project with a 57.7-percent stake, Rio Tinto Plc
holds a 30-percent interest and others hold the rest.
Antamina in Peru
achieved record copper production during the financial year,
reflecting contribution from the recently expanded
concentrator, BHP said.
The mining company,
headquartered in Melbourne, Australia, with corporate centers
in London and Singapore, didnt disclose its production
target for the next year.
A version of this
article was first published in AMM sister publication Metal