Bhp Billiton To Resume Mining At Tintaya12 Aug 2003
BHP Billiton Plc                                                                
Share code: BIL                                                                 
ISIN: GB000056650                                                               
BHP BILLITON TO RESUME MINING AT TINTAYA                                        
BHP Billiton today announced that it will re-start sulphide mining operations at
its Tintaya copper mine in southern Peru during August. This follows the        
approval of a new mine plan and a review of projected copper market conditions. 
Shipments of copper concentrates from Tintaya are expected to recommence in     
early calendar 2004.  Production from Tintaya was originally curtailed in       
January 2002 due to rising global copper inventory levels and a belief that     
reducing production during this period of low demand would enhance the long-term
value of BHP Billiton"s copper business.                                        
Brad Mills, President, BHP Billiton Base Metals said, "The new mine plan at     
Tintaya will reduce operating costs to a level that makes it very competitive in
the global copper industry.  We believe the demand fundamentals of the copper   
market are improving such that metal produced from Tintaya"s concentrate        
production will be needed by the second quarter of next year, when the first    
refined metal becomes available."                                               
Tintaya is capable of producing 90,000 tonnes of copper contained in concentrate
per annum.  It is currently producing 34,000 tonnes of copper cathode per annum 
from its oxide SX-EW operations.                                                
Further information on BHP Billiton can be found on our Internet site:          
http://www.bhpbilliton.com                                                      
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Francis.R.McAllister@bhpbilliton.com                                            
Date: 12/08/2003 02:12:37 PM Supplied by www.sharenet.co.za                     
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