Mining Intelligence and News
Australia

Olympic Dam Mine

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Overview

Mine TypeUnderground
StatusActive
Commodities
  • Copper
  • Gold
  • Silver
  • Uranium
Mining Method
  • Sub-level open stoping (SLOS)
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SnapshotThe Olympic Dam Mine is one of the world’s most significant deposits of copper, gold, silver and uranium. It comprises underground mining and surface operations and is a fully integrated processing facility from ore to metal.

Olympic Dam mine has a fully integrated metallurgical complex with a grinding and concentrating circuit, a hydrometallurgical plant incorporating solvent extraction circuits for copper and uranium, a copper smelter, a copper refinery, including an electro-refinery and an electrowinning-refinery, and a recovery circuit for precious metals.

The Olympic Dam underground mine continues to develop further into the Southern Mine Area. The short-term focus is on optimising operational performance and debottlenecking existing facilities to further improve production performance.

As of August 2024, The South Australian Government has announced the start of an application and assessment process for BHP’s planned smelter and refinery expansion at Olympic Dam.

Owners

SourceSource
CompanyInterestOwnershipInvestor's Info
BHP Group Ltd. 100 % Indirect
BHP Billiton Olympic Dam Corporation Pty Ltd. (operator) 100 % Direct
Olympic Dam mine is owned by the BHP Billiton Group through its wholly owned subsidiary BHP Billiton Olympic Dam Corporation Pty Ltd (ODC).

Contractors

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Deposit type

  • IOCG

Summary:

RD1 drilled through 335m of flat-lying Proterozoic and Cambrian sediments before passing through an unconformity into haematite altered basement rocks. In theory the copper mineralisation was supposed to be in the overlying sediments but assays revealed fine-grained hypogene chalcocite in the basement. RD1 returned 38m @ 1.05%Cu, which was considered uneconomic at these depths at this time, but RD10 changed that with an intersection of 170m @ 2.12%Cu and 0.58kg/t U3O8 and is considered the “Discovery Hole”.

However, following initial underground development in 1985-1987, it became apparent that none of the mineralisation was stratabound and that it was hosted in a highly variable magmatic-hydrothermal breccia complex that displays multiple brecciation, diatreme intrusions, mafic and ultramafic dyke intrusions along with interpreted gravity collapse of high level volcanic edifice material. The deposit is considered to be a member of the Iron Oxide Copper Gold (IOCG) family of deposits and has a close temporal and spatial association with the Hiltaba Suite of granites, dated at 1590Ma and more specifically the more fractionated and oxidised Roxby Downs subsuite (1588Ma).

The main lithologies at Olympic Dam comprise a continuum of breccias starting at the periphery with granite clasts set in little haematite matrix progressing into the centre where the clasts are wholly haematite in a haematite matrix. The principal gangue minerals are haematite, sericite and quartz. Minor gangue minerals include; siderite, chlorite, fluorite and barite.

The dominant sulphide minerals are chalcopyrite, bornite, chalcocite and pyrite. Minor sulphides include; carrolite, cobaltite, galena, sphalerite and molybdenite. Other minerals of interest are; metallic copper, electrum, Ag-, Hg-, Pb-, Bi-selenides and tellurides. The uranium at Olympic Dam occurs mostly as uraninite, coffinite or brannerite with trace amounts in zircon, monazite, florencite and bastinite.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityProductUnits2024202320222021202020192018201720162015
Copper Cathode kt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe160137166203124
Gold Metal in doré oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe106,96891,556104,146117,686104,780
Silver Metal in doré koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe923792768917724
Uranium Metal in concentrate t  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3,5653,3643,6614,3633,144

Operational metrics

Metrics2024202320222021202020192018201720162015
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe10.3 Mt10.3 Mt10.3 Mt10.3 Mt10.3 Mt
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe9,094 kt7,499 kt8,008 kt8,932 kt9,318 kt
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe7,965 kt7,215 kt8,604 kt9,699 kt7,928 kt

Production Costs

Commodity production costs have not been reported.

Financials

Units202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 485   669   267  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,351   1,255   1,287  
EBIT M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe -58   39   224  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 273   267   284  

Heavy Mobile Equipment

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EV - Electric

Personnel

Mine Management

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 20, 2024
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Sep 20, 2024
....................... Subscription required ....................... Subscription required Subscription required Sep 20, 2024
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....................... Subscription required ....................... Subscription required Subscription required Sep 20, 2024

Total WorkforceYear
...... Subscription required 2023
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Aerial view:

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