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BHP’s proposed Olympic Dam expansion declared ‘major development’

February 19, 2019 • Mining & Resources

The South Australian Government has declared BHP’s Olympic Dam’s growth plans ‘a major development’ – an important first step in a comprehensive State and Federal process that includes assessment of potential social, economic and environmental impacts associated with an increase in mining and production at the site.

Laura Tyler, Asset President Olympic Dam, has welcomed the SA Government’s decision, saying the project aims to achieve stable operations and sustainable growth at Olympic Dam through a staged and capital-efficient approach over the long term.

“Olympic Dam is a world-class resource with the potential to deliver value to BHP and South Australia for many decades to come, especially given our positive outlook for global copper demand,” Ms Tyler continued.

“We are pleased the South Australian Government has declared Olympic Dam’s growth plans a major development, recognising our significance to the State.”

She said BHP continues to progress growth studies for Olympic Dam as it works towards seeking Board approval for a capital project in mid-to-late 2020.

“Our team continues to refine the scope for targeted underground development in the Southern Mine Area, strategic investment surface processing facilities, new technology and supporting infrastructure,” Ms Tyler concluded.

Image credit: www.bhp.com

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