Why it matters: Hillgrove is one of the few copper-focused miners on the ASX
The company has agreed to proceed with underground mining near Adelaide
It hopes to attract investment from funds previously backing OZ Minerals
The ASX-listed company developing Australia’s newest underground copper mine says one of its main attractions is that it has no need to fly in workers because it is so close to a major city.
Hillgrove Resources, on track to produce the first copper from its underground mine near Kanmantoo, about 55 kilometres south-east of Adelaide, next January-March, is aiming to attract investment funds freed up by BHP’s $9.6 billion buyout of OZ Minerals in May.
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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
