A copper M&A frenzy masks big miners’ hesitation to build

In the dirty, treeless wilderness of Southern Australia, a new mining camp is home to a hundred employees, placing in 12-hour days, 2 weeks each time. Loads of vehicles are spread throughout the large property, placed with looming gears piercing greater than 2 kilometres underground. All are concentrated on the quest for among the globe’s most desirable minerals: copper.

Oak Dam, found by BHP Team rock hounds in 2018, is a twinkle of wish for chief executive officer Mike Henry, that sees international copper need folding the coming years as the power change holds, and desires his business to create even more of it. The down payment is likewise a rarity– if all mosts likely to strategy, a brand-new procedure will certainly be constructed right here by the globe’s biggest miner, from square one.

发布者:Dr.Durant,转转请注明出处:https://robotalks.cn/a-copper-ma-frenzy-masks-big-miners-hesitation-to-build/

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