Antinuclear

BHP delays for 2 years decision on whether or not to go ahead with new Olympic Dam uranium mine

Olympic Dam threat as BHP puts brakes on
BY: SARAH MARTIN, SA POLITICAL REPORTER  The Australian July 28, 2012 “,,,,,,Documents obtained by The Weekend Australian show the company has informed outsiders that a decision to proceed with the project – spruiked by federal and state Labor governments as key to South Australia’s economic future – will be delayed by two years……The expansion would make Olympic Dam the world’s largest uranium mine,,,,,the strongest indication yet that the project will not receive board approval before the end of the year, meaning the company will fail to meet the government’s December 8 deadline and its indenture agreement will lapse…… The potential delay for the project comes as the South Australian government has recently softened its commentary on the importance of the mine expansion to the state’s economy. Treasurer Jack Snelling last week told The Australian that the mine expansion was never going to be a “cash cow” for government coffers….” http://www.theaustralian.com.au/national-affairs/olympic-dam-threat-as-bhp-puts-brakes-on/story-fn59niix-1226437208652

July 28, 2012 - Posted by Christina Macpherson | business, South Australia, uranium