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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
Australia United Kingdom
Andrew Nairn, Investor Relations Mark Lidiard, Investor & Media Relations
Tel: +61 3 9609 3952 Tel: +44 20 7802 4156
Mobile: +61 408 313 259 Mobile: +44 7769 934 942
email: Andrew.W.Nairn@bhpbilliton.com email: Mark.Lidiard@bhpbilliton.com
Tania Price, Media Relations Ariane Gentil, Media Relations
Tel: +61 3 9609 3815 Tel: +44 20 7802 4177
Mobile: +61 419 152 780 email: Ariane.Gentil@bhpbilliton.com
email: Tania.Price@bhpbilliton.com
United States South Africa
Francis McAllister, Investor Michael Campbell, Investor & Media
Relations Relations
Tel: +1 713 961 8625 Tel: +27 11 376 3360
Mobile: +1 713 480 3699 Mobile: +27 82 458 2587
email: email: Michael.J.Campbell@bhpbilliton.com
Francis.R.McAllister@bhpbilliton.com
Date: 12/08/2003 02:12:37 PM Supplied by www.sharenet.co.za
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