Poor uranium market puts Olympic Dam uranium mining future in doubt
BHP likely to stall Olympic Dam plans: report, Business Spectator, 28 Jul 2011 Analysts are predicting that BHP Billiton Ltd will delay uranium production at the Olympic Dam mine expansion in South Australia as a result of the Fukushima nuclear disaster in Japan and ensuing uncertainty about the future of nuclear energy, according to The Australian.
Olympic Dam, home to the world’s largest known uranium deposit, is scheduled to be expanded beginning next year as part of a $US20 billion-plus ($A18.4 billion) expansion that is subject to company and government approval.
However, plans to boost uranium production by a third from current levels may be halted as uranium demand continues to weaken in the wake of the Fukushima nuclear disaster…..http://www.businessspectator.com.au/bs.nsf/Article/BHP-likely-to-stall-Olympic-Dam-plans-report-pd20110727-K6QRR?OpenDocument&src=hp9
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of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
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