Australian news, and some related international items

BHP Billiton’s open cut Olympic Dam copper/uranium project to be shelved indefinitely?

BHP (NYSE:BHP) Reports It Will Make Tighter Worldwide Copper Supply- USA Election News, 9 July 12  By: Jessica Honsinger   BHP Billiton Limited (NYSE:BHP) reported on Friday that it will make tighter worldwide copper supply from late 2013 onward if it delays work on its single-biggest project, the $30 billion growth of the Olympic Dam mine in Australia.
A 25% decrease in benchmark international copper prices since early on 2011 has eroded possible returns from the project, and the economic delay in top base metal consumer China has dampened the demand
viewpoint. BHP’s system to quadruple output from Olympic Dam the fourth-biggest known copper deposit and biggest uranium source in the world is one a growing number experts consider probable to be shelved until markets

July 10, 2012 - Posted by | business, South Australia, uranium |

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: