BHP aims to make a decision about a $2.76 billion expansion of Olympic Dam in the next few years
Cameron England, Business Editor, The Advertiser, 28 Nov 2017
BHP is considering a $2.76 billion expansion at Olympic Dam which it expects to make a decision on by mid 2020.
The company also said it has already started a $1 billion program to upgrade surface infrastructure as part of the Southern Mine Area Expansion, currently under way, which will increase its copper production to 230,000 tonnes per year.
The mine produced 166,000 tonnes last financial year which is expected to drop to 150,000 this year due to a major smelter upgrade. At an investor briefing in Adelaide today, Jacqui McGill, asset president Olympic Dam, said the company was working on a three phase expansion plan for Olympic Dam
The first phase — the SMA — will increase production to 230,000 tonnes of copper equivalent by 2020.
The term “copper equivalent” refers to the value of the mine’s production when also taking into account the gold, silver and uranium it produces.
The second phase of the project — brownfield expansion or BFX — would cost $US2.1 billion with the company currently running the numbers on the project with a view to making a decision on going ahead in mid 2020…. http://www.adelaidenow.com.au/business/jobs/bhp-aims-to-make-a-decision-about-a-276-billion-expansion-of-olympic-dam-in-the-next-few-years/news-story/1a9f517cb561e7f46ea58cfbdc7983f3
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