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BHP BHP Group Limited

57.485
0.625 (1.10%)
Last Updated: 20:26:11
Delayed by 15 minutes
Share Name Share Symbol Market Type
BHP Group Limited NYSE:BHP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.625 1.10% 57.485 57.71 57.31 57.64 1,673,665 20:26:11

BHP Billiton to Lower Copper Production Costs

01/12/2015 11:44am

Dow Jones News


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By Rory Gallivan

 

LONDON--BHP Billiton PLC (BLT.LN) said on Tuesday that it plans to reduce copper production costs to cope with lower selling prices for the industrial metal.

The company said it plans to lower costs for producing copper to $1.08 per pound, without giving a figure for current costs.

Daniel Malchuk, BHP Billiton President Copper, said that while near-term oversupply is weighing on current prices, attractive long-term fundamentals continue to support a positive outlook.

 

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

December 01, 2015 06:29 ET (11:29 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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