Not sure about the huge drop in copper in AUD terms as 1st half realised price was $3.48 now down to $3.16 or 9% drop. All copper is mined in Australia so the AUD FX rate is key (down from avg .89 in 1st half and now @ .73) . Copper revenue in 1st half was $380 Million so 9% haircut is $34 Million which only represents around 2% of the 2 Bill in 1st half revenue. Savings in energy could offset this although I agree that the share price is weak relative to other aussie goldies so I sense that there are problems there. You are prob more correct about increase in debt levels as the main issue.
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