BHP Billiton to Lower Copper Production Costs
December 01 2015 - 6:44AM
Dow Jones News
By Rory Gallivan
LONDON--BHP Billiton PLC (BLT.LN) said on Tuesday that it plans
to reduce copper production costs to cope with lower selling prices
for the industrial metal.
The company said it plans to lower costs for producing copper to
$1.08 per pound, without giving a figure for current costs.
Daniel Malchuk, BHP Billiton President Copper, said that while
near-term oversupply is weighing on current prices, attractive
long-term fundamentals continue to support a positive outlook.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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(END) Dow Jones Newswires
December 01, 2015 06:29 ET (11:29 GMT)
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