CAPITAL MARKETS

WMC hit by Olympic Dam copper cuts

WMC has announced major copper production cuts at its flagship Olympic Dam mine in South Australia for both this year and next as it brings forward a furnace reline and major maintenance shutdown from 2004 to 2003.

Michael Quinn
WMC hit by Olympic Dam copper cuts

Production this year will fall to an estimated 170,000t and 185,000t in 2003. Output for the last two years has reached 200,000t and the operation was supposed to be on its way to more than 200,000t...

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