Antinuclear

Australian news, and some related international items

BHP and Mike Rann in a hurry to change laws to allow Olympic Dam uranium mine expansion

Just 10 weeks to seal Dam deal, Adelaide Now Sarah Martin  August 09, 2011  “…..The insistence of the Premier to stay until the new indenture act is signed off has prompted concern from the Opposition and minor parties that the “whip hand” has been handed to BHP Billiton.

The company yesterday remained tight-lipped on the dealings for the legislation required for the $30 billion expansion
http://www.adelaidenow.com.au/ipad/just-10-weeks-to-seal-dam-deal/story-fn6bqvxz-1226111312201

BHP Billiton is earmarking nearly $10 billion of a planned $80 billion capital-spending spree over the next five years to expand iron ore and coal mining in Australia but has yet to allocate funding for Olympic Dam…..

Our focus continues to be to… finalise indenture negotiations,” BHP Billiton spokeswoman Kelly Quirke said. The indenture negotiations refer to proposed amendments to legislation in the Roxby Downs township where the mine is located to allow expansion work to commence

BHP Olympic Dam expansion linked to outgoing politician  SYDNEY Aug 8 (Reuters) – An Australian politician who has played a key role in developing BHP Billiton’s Olympic Dam copper and uranium mine and is now under pressure to step down has vowed to stay on until Oct. 20 to finalise an expansion of the mine, suggesting talks may be nearing an end.

The expansion, which analysts predict could cost $20 billion or more, has been under assessment for its environmental impact by various levels of government with no clear approval date.

“I will be stepping down as premier on October 20,” South Australia state Premier Mike Rann said in a statement.

Separately, Rann told reporters he wanted to finalize several projects in the state but that negotiations relating to the expansion of Olympic Dam remained paramount.

There was now a “ticking clock” over those negotiations, he said,…

BHP Billiton is earmarking nearly $10 billion of a planned $80 billion capital-spending spree over the next five years to expand iron ore and coal mining in Australia but has yet to allocate funding for Olympic Dam…..

Our focus continues to be to follow the process set down by the Commonwealth, South Australian and Northern Territory governments to progress environment approvals for the Olympic Dam project and finalise indenture negotiations,” BHP Billiton spokeswoman Kelly Quirke said.

The indenture negotiations refer to proposed amendments to legislation in the Roxby Downs township where the mine is located to allow expansion work to commence…

August 11, 2011 - Posted by | politics, South Australia, uranium |

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