According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed.
A source said the LME had made contact with established online venues Trayport and EBS, which are currently focused largely on energy and foreign exchange.
Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.
The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).
Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.