Antinuclear

Now they’re trying to blame the Australian govt for doubts about Olympic Dam’s future

You have to sorta scour the news, to realise that the BHP board has not yet decided to go ahead with the new monster Olympic Dam uranium mine.   The decision delay is due to the massive cost of the massive project – which won’t make any money for decades.

However – let’s all pounce on the Australian government’s budget plans as the  cause of the delay. (Let’s just forget that the project benefits from all sorts og government exemptions, including the new Mining Resources Tax)

Diesel rebate may delay Olympic Dam Sun Herald, by: By Christopher Russell AdelaideNow May 03, 2012 BHP Billiton could be forced to delay expansion of the Olympic Dam mine if the Federal Government scraps its diesel fuel rebate in next week’s Budget, investment analysts say.

The company hinted at an investors’ conference in Sydney yesterday that another major project, at Port Hedland in WA, would be funded before Olympic Dam. Analysts at the conference said a fuel tax change could make the
difference and cause a delay to Olympic Dam….. http://www.heraldsun.com.au/business/diesel-rebate-may-delay-olympic-dam/story-fn7j19iv-1226345385388

May 3, 2012 - Posted by Christina Macpherson | politics, South Australia, uranium | South Australia