Antinuclear

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 Christina Macpherson | 1, business, South Australia, uranium | antinuclear, Australia, BHP, BHP Billiton, South Australia, uranium