News
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.
Business
Increased copper production at Olympic Dam has helped mining giant BHP boost its global production for the 2020 financial year.
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South Australia’s mining sector is well placed to play a crucial role in helping the state’s economy recover from the COVID-19 crisis.
BHP has announced a A$7.3 billion attributable profit for the first half of the 2020 financial year, up 29 per cent on the same period last year, netting shareholders the second highest dividend in the company’s history.
OZ Minerals’ West Musgrave project has the potential to produce 28,000 tonnes of copper and 22,000 tonnes of nickel a year for 26 years, according to a pre-feasibility study released today.
Copper prices fell to their lowest level in nearly five months overnight, after a Chinese diplomat ramped up rhetoric that could stoke the trade conflict between the United States and China and possibly erode metals demand.
