Antinuclear

Economic forecasts cast doubt on Olympic Dam uranium mine expansion

BHP Billiton’s Olympic Dam – To Go, Or No Go?  Commodities and Futures, By Esther Tanquintic-Misa | January 31, 2012  The slowing global economy could potentially affect the construction and start-up operations of BHP Billiton Ltd.’s $20 billion expansion into the Olympic Dam copper, gold and uranium mine.

On Monday night, executives of the Australian mining giant met with South Australian government and opposition leaders to thresh out concerns as the board of BHP Billiton Ltd. discusses on grating the ultimate approval that will push the multi-million Olympic Dam mine expansion and development.

SA Premier Jay Weatherill earlier said he had hoped BHP Billiton Ltd.’s approval would be released by middle of this year. However, Mr Weatherill was also quick to acknowledge the present and real danger affecting the world’s economy will likely push the board of the Australian miner to pause and stall its decision …….. the state parliament passed in 2011 the legislation to enable the expansion of the world’s largest open-cut mine,

February 1, 2012 - Posted by Christina Macpherson | General News