United States · Freeport-McMoRanBagdad expansion
Approved expansion
4 November 2026
A board-approved US$4.5bn expansion and modernisation programme. Initial production is targeted for mid-2030; announced capacity is forward-looking, not current supply.
Dependencies to examine
Execution, workforce, commissioning and ramp-up.
Read the primary sourceChile · BHPSpence chalcopyrite leaching
Sanctioned process project
18 August 2026 presentation
BHP reports sanction in June 2026 with potential first production in CY2028. Associated infrastructure and project conditions remain relevant.
Dependencies to examine
Metallurgical performance, delivery and associated approvals.
Read the primary sourceAustralia · BHPCopper South Australia
Staged development pathway
18 August 2026 presentation
The presentation places a smelter/refinery investment decision in CY2027 and other mine-development gates later. This is a sequence of decisions, not delivered capacity.
Dependencies to examine
Feed integration, processing, power, water and investment decisions.
Read the primary sourceUnited States · Rio Tinto / BHPResolution Copper
Development investment
5 November 2026
US$144m additional investment supports studies, design, equipment and water facilities. Rio Tinto holds 55% and BHP 45%; development is not operating production.
Dependencies to examine
Technical design, permissions, water and stakeholder engagement.
Read the primary sourceMongolia · Rio Tinto-operatedOyu Tolgoi underground
Operating ramp-up
14 / 30 October 2026
Quarterly output growth and the underground ramp-up must be read alongside the later dated safety and progressive-restart update. This site does not provide live operating status.
Dependencies to examine
Safe operations, sequencing, reliability and recovery.
Read the primary sourceUnited States · Rio Tinto technologyNuton at Johnson Camp
Technology demonstration
15 January 2026 announcement
The announced AWS collaboration links a specific Nuton copper route with data-centre component supply and analytics. It is not a generic process guarantee.
Dependencies to examine
Ore-specific validation, process stability and product evidence.
Read the primary source