BHP targets copper lift at Olympic Dam

Original article by Matthew Stevens, Amanda Saunders
The Australian Financial Review – Page: 13 & 18 : 6-Apr-16

BHP Billiton now expects to be able to ramp up copper production at the Olympic Dam mine in South Australia to 280,000 tonnes a year at a cost of less than $US500m ($A655m). The resources giant indicated in late 2015 that it could lift annual production to 255,000 tonnes over five years without significant capital investment. BHP expects the mine’s copper output to top 200,000 tonnes in 2015-16, and it aims for annual production of 220,000 tonnes by 2019. BHP has forecast that global demand for copper will exceed supply by 2020.

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BHP BILLITON LIMITED – ASX BHP

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