IGO suspends annual dividends from Tianqi JV amid market downturn
The JV experienced a build in lithium hydroxide inventory at Kwinana over recent months.
Adelaide Now reports BHP Billiton wants to “future-proof” its massive Olympic Dam project, including using driverless haulage trucks and this week put out a recruitment ad for an executive to oversee the high-tech initiative. The system would mean operators can be in a control room on the site or even in the comfort of a city office hundreds of kilometres away.
BHP Billiton is in the final stages of the approval process for the $30 billion expansion of its existing underground operation at Olympic Dam to create a new open pit mine that would be the worlds biggest – trucks will haul overburden 24/7 for five to six years just to reach the ore body. The combined operations would mine 72 Mt ore per year and would produce 750,000 tonnes refined copper, 19,000 tonnes uranium oxide, 800,000 gold ounces and 2.9 Moz of silver per year.
Adelaide Now quotes South Australia Chamber of Mines and Energy chief executive Jason Kuchel: “World class mines like Olympic Dam provide smart manufacturers in Australia the opportunity to develop internationally competitive products.” Caterpillar is also supplying driverless trucks to BHP for a US coal mine later this year.
Click here for more on Olympic Dam.
4 Comments
Stolarsj
I’ll take the job.
Chris
Holy cow, I hope Extreme Engineering does a show on this!
I wonder if they will have drones doing the digging as well…
Damon
Robots are not unionised, Robots can’t die, Robots don’t stop for tea, lunch, shift changes, nor do they need housing, schooling, or recreation. Robots never tire, and their wage rate is fixed for their working life. I’m sure every mining exec dreams of mining with robots!
TheEngineer-RoboExec
Robots needs lots of maintenance. Same thing, different pay.
Robots never die? Why do you buy a new car every now and then?
The best advantage of using robots is taking humans out of the
way of injury – reduces cost of labor more than any other factor.
Employees are frequently hurt simply climbing in and out of mining equipment.