Not sure about the huge drop in copper in AUD terms as 1st half...

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.