Markets

BHP plans $6 billion Olympic Dam investment as global copper demand picks up

BHP has flagged further capital investment of up to $US4.5 billion ($5.9 billion) on its Olympic Dam mine, as the company forecasts global copper demand to remain high in the medium term. During an announcement yesterday in Adelaide, the company confirmed expenditure of $US2.1 billion through 2022 to improve operational […]
BHP plans $6 billion Olympic Dam investment as global copper demand picks up
Markets

BHP’s Olympic Dam has power again

BHP’s Olympic Dam copper, gold and uranium mine, knocked out by power failures during severe storms two weeks ago, is back in production. The final electricity line was restored late yesterday, enabling full power to be restored. The mine had to power down, using back-up generators for critical infrastructure, on […]
BHP’s Olympic Dam has power again
Markets

BHP has shut Olympic Dam because of the South Australian storms

The severe storms in South Australian have shut two large mining operations. BHP suspended its Olympic Dam copper gold and uranium mine because of power failures from the storms. Severe thunderstorms and lightening strikes knocked out electricity supplies to most of the state. “Following the loss of power in South […]
BHP has shut Olympic Dam because of the South Australian storms