Costs and low uranium prices put Olympic Dam expansion at risk

BHP’s Olympic Dam expansion under pressure, Business Spectator 12 Jul 2010 BHP Billiton Ltd’s $US20 billion Olympic Dam expansion in Australia may be delayed by a protracted environmental assessment and cost, the Australian Financial Review reports. The recent softening prices for Olympic Dam’s key minerals, especially uranium, and a significant increase in the required capital is also understood to be weighing on BHP, the paper said.

BHP briefed the South Australian government opposition on the project two weeks ago and an opposition mining spokesman Mitch Williams said he believed the miner was still committed but the timing was the key question.

A BHP spokeswoman could not be immediately reached for comment.

BHP’s Olympic Dam expansion under pressure | News | Business Spectator

July 12, 2010 - Posted by Christina Macpherson | Olympic Dam, South Australia, uranium | antinuclear, Australia, BHP, BHP Billiton, nuclear costs, Olympic Dam, South Australia, uranium

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1.This month.

The Road to War brings a sharp focus to why it is not in Australia’s best interest to be dragged into a war with China which will almost inevitably go nuclear very quickly. The filmmaker has interviewed some of Australia’s senior foreign policy analysts who have vast experience behind them in analysing what really is going on here as the United States rattles its sabres with China. And sets us up to be its proxy, like the poor Ukranians have been fed into the Meatgrinder. So America can remain the Top Dog. The Road to War reveals how the United States through its spy base at Pine Gap and by stationing six nuclear capable B52 bombers in the Top End (without permission from the traditional owners) is making Australia a prime nuclear target if the current war of words suddenly melts down into full scale war.

The Road to War shows the implicit connection between Carbon emissions (the US military uses a whopping 70% of America’s annual petroleum to move its armies and vast War Machine around the globe to its 800+ military bases..but under a loophole wangled at Kyoto, the US military does not have to report its C02 annual emissions). The Road to War starts screening at selected cities and regional centres in March. See the trailer end for details.

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