BHP Billiton in control of South Australian govt policy on uranium mine expansion
nominating that deadline leaves SA in a “terrible negotiating position”.
“All BHP Billiton has to do is hold out and watch the clock ticking down, knowing the premier needs their signature on the deal before October 20,”
South Australia over a barrel on Olympic Dam, Greens say, Herald Sun, AAP, August 08, 2011 BHP BILLITON has South Australia well and truly over a barrel with Olympic Dam expansion negotiations, the Greens say.
The much-publicised $30 billion copper and uranium mine extension will make Olympic Dam in South Australia the world’s biggest mine and transform it into a trillion dollar project with a life of at least 100 years.
The mining giant has yet to make a final investment decision on the massive expansion with investors watching around the globe.
State Premier Mike Rann will step down on October 20 hoping to complete by then the state’s negotiations with the company over the proposed extension.
SA Greens Leader Mark Parnell says nominating that deadline leaves SA in a “terrible negotiating position”.
“All BHP Billiton has to do is hold out and watch the clock ticking down, knowing the premier needs their signature on the deal before October 20,” Mr Parnell said.
BHP Billiton wants to ship the ore to China and with it many of the jobs, leaving an enormous toxic waste pile and risking our marine environment, Mr Parnell said.
“It’s not too late for the Government to insist on a better deal; but by setting an artificial deadline BHP Billiton can stare the Government down,” he said.
“South Australia deserves better than the Government tying a leadership stoush to the most important development decision in our state for a generation.”
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