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BHP Billiton Annual Alumina Production Increases 4% In 2012
Edited by : AL CIRCLE
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BHP Billiton came out with its annual report recently showing that the record annual production at the Alumar refinery, Brazil, contributed to a 4% increase in total alumina production in FY2012. Metal production was lower as potline capacity at Hillside in South Africa was temporarily curtailed following a major unplanned outage in the March 2012 quarter. Underlying EBIT for FY2012 decreased by $557 million to a loss of $291 million as weaker prices and cost escalation drove significant margin compression.
An 8% reduction in the average realized price of aluminium to $2314 per tonne and a 3% decline in the average realized price of alumina (to $333 per tonne) reduced Underlying EBIT by $245 million, net of price-linked costs.
Higher raw material costs for inputs such as coke and caustic soda led to a further $223 million decline in Underlying EBIT. Costs associated with the Hillside outage added to the decline.
An 8% reduction in the average realized price of aluminium to $2314 per tonne and a 3% decline in the average realized price of alumina (to $333 per tonne) reduced Underlying EBIT by $245 million, net of price-linked costs.
Higher raw material costs for inputs such as coke and caustic soda led to a further $223 million decline in Underlying EBIT. Costs associated with the Hillside outage added to the decline.
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