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BHP expects to cut Australian mine costs by further 10pc, talks up copper prices

Nov 28, 2017 (The Australian Financial Review - ABIX via COMTEX) --

BHP Billiton has told participants at its investors' briefing on 28 November that it aims to achieve $US2 billion in productivity gains over the next 24 months, with its Australian mines expected to account for 80 per cent of that target. Its iron ore division, which achieved unit costs of $US14.60 per tonne in the year to 30 June 2017, is expected to reduce that figure to under $US13 in the medium term. Meanwhile, BHP told investors that copper prices in 2017 had been better than forecast, and that it expects prices to again be strong in 2018..

Publication Date: 29 November 2017

BHP BILLITON LIMITED - ASX BHP
FREEPORT-McMORAN COPPER AND GOLD INCORPORATED
RIO TINTO LIMITED - ASX RIO

By Peter Ker

Copyright 2017 Roy Morgan Research. All Rights Reserved.

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