Business
BHP has completed a $500 million revamp of its Olympic Dam smelter and is starting to ramp up copper processing again after one of the lowest quarters of production since it took over South Australia’s largest mine in 2005.
Business
Hillgrove Resources has been awarded a $2 million State Government grant to trial underground technology aimed at reducing the costs, carbon emissions and the number of explosions required to restart operations at its Adelaide Hills copper-gold mine.
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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.
Rising commodity prices and demand for critical minerals is driving investment in South Australia’s resource sector as the local mining industry approaches levels not seen in more than a decade.
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.
Increased copper production at Olympic Dam has helped mining giant BHP boost its global production for the 2020 financial year.
