Antinuclear

Australian news, and some related international items

BHP’s uranium mine to miss deliveries

BHP Declares Force Majeure on Olympic Dam Contracts  By Brett Foley Oct. 20 (Bloomberg) -- BHP Billiton Ltd. declared force majeure on some supply contracts after the closure of a shaft at Australia’s Olympic Dam, the world’s largest uranium deposit and the fourth-biggest copper lode.

The Australian company has told affected customers of the disruption to shipments, London-based spokeswoman Bronwyn Wilkinson said today in an e-mailed statement.
Force majeure is a legal clause allowing a company to miss deliveries because of circumstances beyond its control.
BHP, the world’s largest mining company, is still investigating damage caused by a mechanical failure to the hoist system at the mine’s Clark shaft two weeks ago.

BHP Declares Force Majeure on Olympic Dam Contracts (Update1) – Bloomberg.com

October 21, 2009 - Posted by | 1, business, South Australia | , , , ,

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