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BHP (ASX:BHP) shares $840 million plan to boost copper production
Rask Media· 2025-10-02 04:07
Core Viewpoint - BHP Group Ltd is investing A$840 million to enhance its copper production capabilities, focusing on its Olympic Dam project in South Australia, which is crucial for its global copper output [2][5]. Investment Details - The investment will target four main areas: 1. Construction of an underground access tunnel to a new resource section [3] 2. Implementation of a new backfill system for paste fill delivery via underground pipes [3] 3. Expansion of ore pass capacity to improve ore handling and reduce haulage distances [3] 4. Installation of a new oxygen plant to enhance smelter performance and copper processing capacity [4] Production Goals - BHP aims to increase its copper production from 1.7 million tonnes to approximately 2.5 million tonnes per annum, leveraging its strong position in the South Australian copper province [5][6]. Performance of South Australian Copper Province - The South Australian copper province has consistently produced over 300,000 tonnes annually for the past three years, indicating strong operational performance [6]. Long-term Commitment - BHP's continued investment in the Copper SA province signals a long-term commitment to its development, which is expected to create jobs, boost local business opportunities, and enhance operational efficiency [7].