Business
BHP scraps $2.5bn Olympic Dam expansion plan – MINING.COM – MINING.com
It has decided against the brownfield expansion project after studies of the ore body revealed weaker than expected results.
The studies have shown that the copper resources in the southern mine area are more structurally complex, and the higher grade zones less continuous than previously thought, BHP said in a statement.
BHP said it now had an improved knowledge of the ore body, adding that the long-term opportunity for Olympic Dam was unchanged
We have decided the optimal way forward for now is through targeted debottlenecking investments, plant upgrades and modernisation of our infrastructure.
BHP also slashed the…
-
Noosa News19 hours agoFamily pleads for help after 17-year-old Pheobe Bishop disappears in Bundaberg before flight
-
Business20 hours agoASX 200 lifts on the RBA’s latest interest rate call
-
Noosa News22 hours agoNo conviction recorded for teen behind attack on Peter Dutton’s office
-
General12 hours agoTop chess player Magnus Carlsen forced into draw in historic game against over 134,000 people