Rising power costs weigh on BHP Billiton's Olympic Dam

Rising power costs weigh on BHP Billiton's Olympic Dam
 

Power risks are so front of mind at global giant BHP Billiton's Olympic Dam copper mine in South Australia, that the mine's chief has an app on her phone to track electricity prices and is even considering building a power station for the site.
After a state-wide blackout on Sept. 28 shut the mine for nearly two weeks, BHP is still assessing the impact on its copper output forecast for this year, it said in its quarterly report on Thursday.
The giant mine, some 500 km (310 miles) north of the state capital Adelaide, had been expected to produce around 200,000 tonnes or about 12 percent of... read more

 
19 October 2016 in Business, Views: 43
Source: Reuters
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