--- title: "BHP earmarks $555 million to boost copper production in South Australia" description: "BHP plans to invest over A$840 million ($555 million) in its Olympic Dam copper operations in South Australia, aiming to double output to 650,000 tons by the mid-2030s. The investment will enhance sme" type: "news" locale: "en" url: "https://longbridge.com/en/news/259629934.md" published_at: "2025-10-01T04:30:00.000Z" --- # BHP earmarks $555 million to boost copper production in South Australia > BHP plans to invest over A$840 million ($555 million) in its Olympic Dam copper operations in South Australia, aiming to double output to 650,000 tons by the mid-2030s. The investment will enhance smelter efficiency and create nearly 200 construction jobs, reinforcing South Australia's role as a key global copper supplier. BHP is set to make a final investment decision by mid-2027 for a smelter and refinery expansion, with the Olympic Dam project being crucial for the transition to a low-carbon world. BHP said on Wednesday it would invest more than A$840 million ($555.16 million) in its Olympic Dam copper operations in South Australia as the miner prepares to make an investment decision by mid-2027 to double output from the state. South Australia is home to one of BHP's three copper growth projects, including Olympic Dam. The Olympic Dam project holds one of the world's largest deposits of copper, uranium, and gold, making it vital for BHP and Australia's role as a major global supplier of copper, a key metal needed for the transition to a low-carbon world. The project has consistently produced more than 300,000 metric tons of copper annually for the past three years. BHP, the world's largest listed miner, is now preparing to make a final investment decision by mid-2027 for a smelter and refinery expansion at Olympic Dam, with an aim to double copper output in South Australia to 650,000 tons by mid-2030s. The A$840 million investment will fund key initiatives, including an underground access tunnel, a new backfill system, expanded ore pass capacity, and a new oxygen plant to enhance smelter efficiency. "Together, these projects and those underway elsewhere across Copper SA will improve efficiency and support future growth options of South Australia's copper province," BHP said. The investment is expected to create nearly 200 construction jobs, reinforcing South Australia's position as a major global copper supplier, the company said. ($1 = 1.5131 Australian dollars) ### Related Stocks - [BHP.AU - BHP Group Ltd](https://longbridge.com/en/quote/BHP.AU.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 必和必拓利润飙升 30%,铜业务首次超越铁矿石成最大利润来源 | 全球市值最大的矿业公司必和必拓(BHP)因押注铜需求激增而获得回报,上半财年净利润同比增长近 30%。铜业务贡献了公司 51% 的基础息税折旧摊销前利润,首次超越其他业务成为最大利润来源。能源和汽车行业的强劲需求持续推高铜价,令这一转型的战 | [Link](https://longbridge.com/en/news/276092142.md) | | 研究警示:CFRA 继续维持对必和必拓集团股票的持有评级 | CFRA 对必和必拓集团的股票维持持有评级,将 12 个月目标价从 67 美元上调至 83 美元。此次上调反映了强劲的铜市场基本面,2026 财年上半年净利润增长 28%,达到 56 亿美元,收入增长 11%,达到 279 亿美元。然而,由 | [Link](https://longbridge.com/en/news/276359356.md) | | 特朗普暗示违法征收的关税不退了,美财长称今年关税收入将 “基本保持不变” | 美国总统特朗普暗示不会退还被最高法院裁定违法的关税,预计 2026 年关税收入将保持不变。特朗普计划签署行政令,对全球商品加征 10% 进口关税,取代被推翻的关税。财长贝森特表示,政府将利用替代法律权力维持关税收入,强调国家安全和财政收入不 | [Link](https://longbridge.com/en/news/276494362.md) | | 谷歌突然发布 Gemini 3.1 Pro:核心推理性能直接翻倍 | 谷歌发布了最新的大模型 Gemini 3.1 Pro,其推理性能较去年发布的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 评测中,Gemini 3.1 Pro 得分 77.1%,显示出强大的推理能力。新模型支持多源数据综合和复杂 | [Link](https://longbridge.com/en/news/276396515.md) | | 学习英伟达刺激芯片销售,AMD 为 “AI 云” 借款做担保 | AMD 为扩大市场份额祭出金融 “狠招”!为初创公司 Crusoe 的 3 亿美元购芯贷款提供担保,承诺在其无客户时 “兜底” 租用芯片。这一复刻英伟达 “租卡云” 路径的策略虽能短期推高销量,但也令 AMD 在 AI 需求放缓时面临更大的 | [Link](https://longbridge.com/en/news/276401504.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.