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Gold/Mining/Energy : Copper - analysis

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To: Angelo Ferraro who started this subject	7/24/2000 1:09:16 AM
From: Henrik	Read Replies (1) of 2131

BHP Q4 copper production down 30 percent 13:23, Monday, 24 July 2000 MELBOURNE, July 24 (Reuters) - The Broken Hill Pty Co Ltd said on Monday its copper production in the fourth quarter fell 30 percent to 184,100 tonnes, largely because of its decision last year to mothball its U.S. mines. Total production for the 13 months to June 30, 2000 was down 14 percent to 792,200 tonnes. BHP is changing its balance date to June 30 from May 31. Fourth quarter copper production fell at Escondida in Chile because of a sharp drop in average head grade, but a higher head grade and mill recovery lifted production at its Tintaya mine in Peru. BHP is expected to report an operating profit of around A$2 billion for the 13 months to June 30 when it releases its results on Thursday, boosted by stronger oil and commodity prices and a weaker Australian dollar. Its shares were trading up 10 cents at A$19.31 early afternoon against an overall softer market. (c) Reuters Limited 2000 REUTER NEWS SERVICE

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