BHP and the South Australian government are close to finalising talks over a multibillion-dollar desalination plant for the Upper Spencer Gulf as the miner grows more confident in its ability to deliver a 55 per cent production boost at its nearby copper mines.
Reporting a $US6.6 billion ($10.1 billion) underlying profit for the six months to December 31 on Tuesday, BHP outlined a clearer pathway to grow its SA copper division to produce more than 500,000 tonnes of the metal each year.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
