Business
Record copper sales and soaring gold and iron ore prices in the second half of 2020 has helped South Australia reach its second-highest year of mining value, latest state government figures show.
Business
Australian mining giants have taken a hit on the share market as iron ore prices plunged yesterday after months of highs.
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BHP has scrapped its proposed $3.7 billion Brownfields Expansion at Olympic Dam in favour of a number of smaller projects to improve reliability and increase capacity.
A four-year contract extension to supply cement and lime to BHP’s Olympic Dam mine will help Adelaide-based Adbri make up for recent revenue declines.
Strong gold prices matched by higher volumes has helped Adelaide-based miner Oz Minerals record a net profit after tax of $80 million for the six months to June 30.
Increased copper production at Olympic Dam has helped mining giant BHP boost its global production for the 2020 financial year.
