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BHP's Olympic Dam Pay System Moves To Weekly Arrangement

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BHP's Olympic Dam mine near Roxby Downs are looking to change the way they pay small, local and indigenous businesses following positive feedback from the community.

Over the course of the last financial year, due to the COVID-19 pandemic, the mining company fast-tracked their payment terms from 30 days to 7 days, as a way to support businesses they work with.

Nathan Flaman, Director of Corporate at Olympic Dam, says the move will be made permanent from July 1.

Having that certainty around payments, and having that money come in the door a bit faster, that cash flow can really be critical for some of these businesses, so BHP is happy to step in and make that change," says Mr Flaman.

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