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newsApr 22, 20261:44

BHP's Olympic Dam Shatters Records, Boosts SA Economy

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BHPs Olympic Dam mine in South Australia sets new records, boosting copper output and creating jobs. The companys Carrapateena site also sees increased mining, with plans to reach production goals by June. Backed by strong metal prices, South Australia copper earnings surge, fueling dividends. BHP invests in Olympic Dam upgrades, aiming to increase copper production. The companys expertise is sought by the federal government for diesel advice amid Middle East conflicts.

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BHP's Olympic Dam Shatters Records, Boosts SA Economy

Adelaide News Today | 2 Min News | The Daily News Now!

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Adelaide News Today | 2 Min News | The Daily News Now!BHP's Olympic Dam Shatters Records, Boosts SA Economy. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 22nd. I'm Corey with the story. This is Adelaide News Today, driven by AI. BHP just dropped some golden news from their Olympic dammine in South Australia's Outback, smashing records in the third quarter with the most. Material ever-mined, or milled, and concentrate-smelted, plus peak gold output. This spot near Roxby Downs anchors their world-leading copper game, pumping out 82,800 tons of ore loaded with copper. Gold, and more. At their care patina site, bought last year, they cranked up mining 11% and they're on pace to hit their 2026 goal of 310 to 340,000 tons by June. Backed by strong metal prices, South Australia copper earnings topped $1.9 billion in the first half, fueling a fat dividend around. $1 per share. These wins create thousands of jobs for about 8,000 South Aussies on BHP's payroll, with big investments like an $840 million.

Dollar upgrade at Olympic dam, including new tunnels, trains, and an oxygen plant to ram copper from 1.7 million to 2.5 million tons yearly. Outgoing CEO Mike Henry credits their smart buying and low costs for thriving amid energy squeezes for Middle East conflicts. Meanwhile, the federal government's tapping BHP's expertise for urgent diesel advice after straight-of-hormous worries, with the company offering a team to dodge supply shocks. Prime Minister Anthony Albany's calls it a team Australia effort, praising BHP as the nation's top diesel users steering through global markets. The company stays focused on safe ops and backing local supply chains without straining the system.

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