BHP Hedges China Risks With Olympic Dam Copper Investment - BHP Group (NYSE:BHP)

BHP Hedges China Risks With Olympic Dam Copper Investment - BHP Group (NYSE:BHP)

BHP (NYSE:BHP) has announced an investment of more than 840 million Australian dollars ($556 million) into growth-enabling copper projects at Olympic Dam in northern South Australia. The funding will expand mining access, upgrade smelting capacity, and reinforce the foundations of the company’s Copper SA operations. “BHP is the largest producer of copper in the world, and we expect to grow our copper base from 1.7 million tons to around 2.5 mill…

BHP Invests $555 Million to Raise Copper Production in Australia

Copper mining giant BHP is investing US$555 million (AUS$840 million) in several projects at its Olympic Dam copper operations in South Australia to boost production and processing capabilities at the site.   With the investment, BHP will fund an underground access tunnel into the Southern Mine Area, providing access to a new section of the resource, viewed as critical for global technology development and the energy transition. BHP’s investment…

BHP still spending at Olympic Dam amid doubts over expansion plan

The company is pressing ahead with $840m of spending at the giant copper mine, but says high energy costs may be a barrier to future Australian investment.

BHP to Spend $554 Million to Boost Australian Copper Output

BHP Group will spend A$840 million ($554 million) to bolster its Olympic Dam underground copper project in South Australia, as it seeks to ramp up production of the key electrical wiring metal.

BHP accelerates growth in SA copper province - Mining Magazine Australia

Image: sdx15/stock.adobe.comBHP has boosted its underground mining productivity through a $840 million investment, with the funding contributing to a series of growth-enabling projects at its Olympic Dam project in South Australia. In a bid to continue building its “world-class copper province” in the state’s far north, the Big Australian will develop an underground access tunnel, a new backfill system to deliver paste fill via underground pipes…

BHP's $840m 'growth-enabling' investment at Olympic Dam - Australian Mining

The Olympic Dam operation. Image: BHPOlympic Dam and the wider copper province in the far north of South Australia are set to benefit from a series of new growth-enabling projects announced by BHP this week. The company will invest over $840 million to strengthen the foundations of underground mining productivity. Among the new projects in development will be an underground access tunnel into the southern mine area to provide access to a new sec…