Antinuclear

Australian news, and some related international items

South Australia’s massive Olympic Dam dream down the toilet

Analysts had calculated the expansion would have cost BHP close to US$30 billion over several years as it developed a pit more than 4 kilometers long, 3.5 kilometers wide and 1 kilometer deep…. the plans had also envisaged the construction of a desalination plant, new port andairport facilities and expanded work accommodation.

BHP Gives South Australia No Guarantees For Olympic Dam Fox Business September 03, 2012 Dow Jones Newswires BHP Billiton (BHP) Chief Executive Marius Kloppers in a meeting Monday could provide no revised schedule, or guarantees, to the state premier of South Australia for the expansion of the Olympic Dam copper and uranium mine…

.. The Anglo-Australian mining company last month scrapped a multi-billion plan to greatly expand its existing
underground operation, and said it would instead investigate less capital-intensive options as it struggles with rising costs and a
slump in commodity prices. The company said it wouldn’t approve any
new major project until at least mid-2013.
Mr. Weatherill during a televised media briefing in Adelaide said Mr.
Kloppers indicated the company was looking to incorporate chemical
leaching technology to extract ore instead of using a smelter, as well
as incorporating a conveyer-belt system in a narrower, steeper
open-pit mine than previously planned.
Mr. Weatherill said Mr. Kloppers hadn’t asked for an extension to
environmental or royalty agreements the company had secured from the
state government. The pacts might need to be revisited given the
existing plans had been shelved, the premier added….. Analysts had calculated the expansion would have cost BHP close to US$30 billion over several years as it developed a pit more than 4 kilometers long, 3.5 kilometers wide and 1 kilometer deep…. the plans had also envisaged the construction of a desalination plant, new port andairport facilities and expanded work accommodation.  http://www.foxbusiness.com/news/2012/09/03/bhp-gives-south-australia-no-guarantees-for-olympic-dam/#ixzz25XHEiYR6

About these ads

September 4, 2012 - Posted by | business, South Australia, uranium

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 457 other followers

%d bloggers like this: