BHP Billiton announced today approval for US$1.2 billion in pre-commitment capital for the first phase of the Olympic Dam Project to develop an open pit mine in South Australia.
BHP Billiton announced that the Olympic Dam Project (ODP) in South Australia has progressed into the Feasibility study phase. The ODP aims to develop a new open pit copper mine and associated gold and uranium byproducts alongside its existing underground operation and increase its production from
around 180,000 tonnes per annum of copper to 750,000 tonnes per annum over the next 30 years.
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