BHP eyes $3 billion Olympic Dam expansion

BHP’s growth aspirations to significantly increase copper output at Olympic Dam have been recognised by the South Australian Government with major development status.

Australian Mining is reporting, BHP hopes to expand Olympic Dam’s copper production by 75 per cent, from 200,000 tonnes per annum to 350,000 tonnes per annum.

BHP is progressing its growth studies for the expansion and will seek board approval for a capital project in mid-to-late 2020.

The South Australian declaration is, however, an important milestone for BHP as it considers an investment potentially as high as $3 billion for the project.

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