InDaily

Adelaide's independent news

Support

BHP flags new copper find near Olympic Dam

Business

BHP has identified a potential new iron oxide, copper and gold mineralised system near its Olympic Dam operations in South Australia as part of a copper exploration program.

Comments
Comments Print article

The miner said today that the project was still in its infancy and that it was planning a further drilling program, slated to begin in early 2019.

The project is in a copper-rich region between the company’s Olympic Dam mine and Oz Minerals’ Carrapateena project.

Copper is a major focus for BHP.

BHP’s announcement coincides with investor excitement over a potential copper find by its arch rival Rio Tinto in Western Australia.

Rio Tinto has not commented on reports of the WA find.

BHP shares gained 0.43 per cent to $30.56 after its announcement of the potential new find in SA.

-Reuters

 

 

We value local independent journalism. We hope you do too.

InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to become an InDaily supporter.

Powered by PressPatron

Comments

Show comments Hide comments
Will my comment be published? Read the guidelines.

More Business stories

Loading next article