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BHP loses three weeks copper output due to blackout - executive

Published 08/11/2016, 05:16
Updated 08/11/2016, 05:20
© Reuters. A logo for mining company BHP Billiton adorns a sign outside the Perth Convention Centre where their annual general meeting was being held in Perth, Western Australia
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Melbourne (Reuters) - BHP Billiton (AX:BHP) (L:BLT) said on Tuesday it lost about three weeks worth of production from its Olympic Dam copper mine in Australia due to a power outage in late September.

As a result, the mine's original output guidance of 200,000 tonnes for fiscal year 2017 was under review, the mine's chief, Jacqui McGill said.

A massive blackout in South Australia state on Sept. 28 forced BHP to suspend production in order to divert back-up power to maintain essential operations.

"It was touch and go while we were reheating things," McGill said at a mining conference in Melbourne. "I'm very pleased to say we're at full operations."

© Reuters. A logo for mining company BHP Billiton adorns a sign outside the Perth Convention Centre where their annual general meeting was being held in Perth, Western Australia

Based on copper prices of $4,800 a tonne at the time, BHP lost about $2.6 million (2 million pounds) a day in production during the shutdown.

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