{"id":1095543,"date":"2019-01-22T11:10:24","date_gmt":"2019-01-22T11:10:24","guid":{"rendered":"http:\/\/www.mining.com\/?p=964643"},"modified":"2019-01-22T11:10:24","modified_gmt":"2019-01-22T11:10:24","slug":"runaway-train-wreck-copper-outages-cost-bhp-600-million","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1095543","title":{"rendered":"Runaway train wreck, copper outages cost BHP $600 million"},"content":{"rendered":"

World\u2019s No.1 miner BHP (ASX:BHP) revealed Tuesday<\/a> the hefty financial burden caused by three separate incidents that affected its iron ore and copper operations in the October-December 2018 quarter.<\/p>\n

The Perth-based mining giant said the forced derailment of a fully-laden iron ore train in the Pilbara and unplanned production outages at Olympic Dam and Spence copper mines would cost it $600 million.<\/p>\n

November’s train wreck derailment hit BHP’s iron ore output by six million tonnes, and was by far the main factor in the overall lower-than-expected volumes in the final three months of 2018.<\/p>\n

Copper production also took a hit in the half year ended December due mainly to\u00a0lower-than-expected volumes at the Olympic Dam operation in South Australia. Ore processing at the copper, gold and uranium mine was affected by technical issues that caused plant outages<\/a>, resulting in volumes declining by 45,000 tonnes.<\/p>\n

Production of the red metal was also affected by a fire<\/a> and a short strike<\/a> as its Chilean Spence copper mine, which saw production decline by 25,000 tonnes.<\/p>\n

BHP also flagged a $700 million first-half impact due to higher Australian and Chilean income tax payments than last year, and the settlement of a\u00a0long-running tax battle<\/a> with\u00a0the Australian Tax Office (ATO).<\/p>\n

The Western Australia Government said on Monday it was in talks with BHP after\u00a0an audit had revealed the company had underpaid royalties on iron ore shipments<\/a>\u00a0sold via its Singapore marketing hub stretching back over more than a decade.<\/p>\n

The post Runaway train wreck, copper outages cost BHP $600 million<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Three incidents occurred during the second half of 2018 hit BHP’s production volumes by 4 million tonnes of iron ore and 70,000 tonnes of copper.<\/p>\n

The post Runaway train wreck, copper outages cost BHP $600 million<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[700,404,369,440],"tags":[15,19,28,33,294,71],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1095543"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1095543"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1095543\/revisions"}],"predecessor-version":[{"id":1095544,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1095543\/revisions\/1095544"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1095543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1095543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1095543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}