HomeBase MetalsEscondida copper production may rise 10%

Escondida copper production may rise 10%

BHP Billiton’s
Escondida copper
mine in Chile
Melbourne, Australia — MININGREVIEW.COM — 22 October 2009 – Copper output at Escondida mine “’ the world’s largest producer of the metal “’ may rise as much as 10% this fiscal year now that repairs to the mill have been completed and ore grades have improved.

A production report released here by BHP Billiton “’ global leader in the resources industry “’ said production might be between 5 and 10% more than in the year ended 30 June 2009. Escondida “’ located in Chile’s Atacama Desert “’ produced 1.03 million metric tonnes last fiscal year, BHP said in an e-mail response to questions.

BHP “’ which is the world’s largest mining company “’ owns 57.5% of Escondida. Rio Tinto Group owns 30% and a group led by Mitsubishi Corporation owns 10%. The balance is held by International Finance Corporation.