Utilities of Pampa Norte low score
Low of 5.6% in the production of Spence Site also influenced the sharp decline experienced by the division belonging to BHP Billiton
A significant drop of 71% scored Pampa Norte division of BHP Billiton in profits for the first half of the year. The operation consists of the subsystems Spence and Cerro Colorado, reached between January and June this year, profits for U.S. $ 186.1 million, U.S. $ 77.6 million less than the U.S. $ 263.7 million reported for the first half of last year .
Among the reasons for the sharp reversal in the results of the division, out-in-first growth of losses of Cerro Colorado, chore happened to record a deficit of U.S. $ 5.3 million in 2012 to losses of the order from U.S. $ 57.9 million. The adverse situation in this unit could not be offset by the 14.1% increase in production experienced in the period, from 37,400 to 42,700 metric tons of copper, and by the 10.6% increase in sales and was caused largely by an increase of 20.1% in cost.
Spence utilities, on the other hand, reached U.S. $ 244 million, which represents a decrease of 9.3% compared to U.S. $ 269 million achieved in the first half last year. The decline in this unit was driven by a decline of 5.6% in production, from 90900-85800 tons, which influenced the low of 4.5% that the operation noted in its sales revenue.
Source: Estrategia
