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Mining giant BHP has lowered its production guidance at the world’s largest copper mine, Escondida in Chile, and trimmed its outlook for nickel production in Australia, while its growth quest for the two base metals has resulted in a new copper discovery in Arizona, US.
Geotechnical risk in a high-grade section of the Escondida pit has caused BHP to lower the mine’s fiscal 2022-2023 (July-June) guidance for the operation to 1050-1080kt, from 1080-1180kt.
Geotechnical risk in a high-grade section of the Escondida pit has caused BHP to lower the mine's fiscal 2022-2023 (July-June) guidance for the operation to 1050-1080kt, from 1080-1180kt.
The capex cut came amid weaker metal prices and higher production costs
Tharisa shares fall as it cuts guidance
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