{"id":8273,"date":"2023-05-11T09:43:20","date_gmt":"2023-05-10T23:43:20","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8273"},"modified":"2023-06-23T09:44:02","modified_gmt":"2023-06-22T23:44:02","slug":"putting-south-australia-on-the-global-copper-map","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2023\/05\/11\/putting-south-australia-on-the-global-copper-map\/","title":{"rendered":"Putting South Australia on the global copper map"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"TOM PARKER<\/a><\/p>\n\n\n\n

\"BHP<\/figure>\n\n\n\n

The Carrapateena operation in South Australia. Image: OZ Minerals<\/p>\n\n\n\n

BHP has shed more light on its plans for South Australia after recently acquiring OZ Minerals and its Prominent Hill and Carrapateena copper mines.<\/p>\n\n\n\n

\u201cGlobally, BHP has the largest copper endowment of any company, based on ownership interest,\u201d BHP chief operating officer Edgar Basto said at the 2023 Austmine Conference<\/a>.<\/p>\n\n\n\n

\u201cIn South Australia we have Olympic Dam<\/a>, which is one of the world\u2019s most significant deposits of copper, gold, silver and uranium. Olympic Dam is a fully integrated processing facility from ore to metal.<\/p>\n\n\n\n

\u201cWe also added to our copper assets in SA with the acquisition of OZ Minerals, bringing their mines at Carrapateena and Prominent Hill into our portfolio.\u201d<\/p>\n\n\n\n

Basto also highlighted BHP\u2019s Oak Dam copper project<\/a> in SA, where the company was recently given the green light to commence its next phase of exploration.<\/p>\n\n\n\n

\u201cOak Dam is an exciting prospect and potential growth option,\u201d he said. \u201cWe\u2019re undertaking further exploration to better define the resource and inform our future planning.<\/p>\n\n\n\n

\u201cAnyone who is familiar with the geography of the Gawler Craton will at once see the opportunity that all of this presents.\u201d<\/p>\n\n\n\n

Basto said it is important to not look at these mines and projects individually but rather synergetically, with the potential to \u201cbuild a copper province that could put SA on the global copper map\u201d.<\/p>\n\n\n\n

Basto will oversee the integration of Prominent Hill and Carrapateena into BHP\u2019s portfolio, through which he has three core objectives.<\/p>\n\n\n\n

\u201cFirstly, (I\u2019m focused on) delivering safe and reliable operations at Olympic Dam, Prominent Hill and Carrapateena,\u201d he said.<\/p>\n\n\n\n

\u201cSecondly, (I\u2019m focused on) integrating the BHP and OZ Minerals businesses with a focus on people and culture. And thirdly, (on) developing options to build a copper province here in South Australia.\u201d<\/p>\n\n\n\n

Basto said for South Australia to realise its copper opportunity, collaboration is needed between the local mining industry and state and federal governments to support policy choices and investments that can enable South Australia to compete on the global marketplace.<\/p>\n\n\n\n

\u201cLet me provide some global perspective,\u201d Basto said. \u201cAccording to Geoscience Australia, Australia is ranked number two in the world for copper resources but number eight in the world for mined copper production.<\/p>\n\n\n\n

\u201cLast year, BHP produced more than 1.5 million tonnes of copper globally.<\/p>\n\n\n\n

\u201cThis year, we expect to produce around 200 thousand tonnes from Olympic Dam. And around 115 thousand tonnes from Carrapateena and Prominent Hill.<\/p>\n\n\n\n

\u201cHere in South Australia, we have nearly 70 per cent of Australia\u2019s copper resources but we produce just under 30 per cent of Australia\u2019s mined copper production.<\/p>\n\n\n\n

\u201cThe Gawler Craton has huge un-tapped potential\u2026 just imagine for a moment that we can develop a mining hub centred around a smelter that brings even more of SA\u2019s high quality copper to global customers.\u201d<\/p>\n\n\n\n

BHP is putting plenty of eggs in the South Australia basket, with a committed vision to maximise the state\u2019s copper future.<\/p>\n\n\n\n

Subscribe to <\/em>Australian Resources & Investment<\/em><\/a> and receive the latest news on commodity prices, resource developments, executive movements and more.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

TOM PARKER The Carrapateena operation in South Australia. Image: OZ Minerals BHP has shed more light on its plans for South Australia after recently acquiring OZ Minerals and its Prominent Hill and Carrapateena copper mines. \u201cGlobally, BHP has the largest copper endowment of any company, based on ownership interest,\u201d BHP chief operating officer Edgar Basto … Continue reading “Putting South Australia on the global copper map”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[206],"tags":[],"class_list":["post-8273","post","type-post","status-publish","format-standard","hentry","category-goldcopper"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-29r","jetpack-related-posts":[{"id":8316,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/07\/20\/copper-south-australia-the-bhp-era-begins\/","url_meta":{"origin":8273,"position":0},"title":"\u2018Copper South Australia\u2019: The BHP era begins","author":"yinghui","date":"July 20, 2023","format":false,"excerpt":"TOM PARKER The Carrapateena operation in South Australia. 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