BHP Billiton temporarily suspend production at TEMCO1 facility

BHP Billiton to temporarily suspend production at TEMCO1 facility

2:13 AM, 23rd February 2012
BHP Billiton to temporarily suspend production at TEMCO1 facility
Tom Schutte, President, Manganese, BHP Billiton.

MELBOURNE, AUSTRALIA: BHP Billiton announced that it has intention to temporarily suspend production at TEMCO1, its manganese alloy production facility located in George Town, Tasmania by mid March 2012. TEMCO1 is part of the manganese joint venture between BHP Billiton (60 per cent) and Anglo American (40 per cent) and produces approximately 65kilo tonne of SiMn and 240 kilo tonne of high carbon ferro manganese. BHP Billiton is the Manager and Operator.

“TEMCO is a processing business that competes globally with similar facilities in other parts of the world. Recently, there has been further erosion of its international competitiveness due to the strong Australian dollar and steady increases in input costs, including in reductants and electricity. At the same time, manganese alloy markets in Europe and North America have been weak and global prices remain low. While measures have been taken to make the operation as cost effective as possible, these have not been sufficient to counter shifts in the market, increased costs of production, or operating losses,” said Tom Schutte, President, Manganese, BHP Billiton.

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