Australian news, and some related international items

South Australian govt not keen to extend Olympic Dam agreement. BHP tightlipped

No extension offer to BHP – Weatherill.  Christopher Russell The Advertiser August 01, 2012 PREMIER Jay Weatherill has rejected suggestions the State Government has offered to grant BHP Billiton an extension to the
indenture agreement on the Olympic Dam project.

Reacting to interstate reports that the Government was offering BHP an olive branch and was willing to “entertain” an extension, Mr Weatherill said he had been misinterpreted.

The Government’s position had consistently been that it wanted BHP Billiton to make a decision by the December 15 expiry date of the indenture agreement….. “There has been no proposition advanced to us that would justify an extension of the 12-month period at this time.”

This is consistent with Resources and Energy Minister Tom Koutsantonis who has previously stated the Government would be reluctant to grant an extension… Despite outside speculation, BHP Billiton has said again this week that no decision has been made on the Olympic Dam project.

Its Adelaide office continues to work on a proposal to present to the BHP Billiton board.


August 6, 2012 - Posted by | politics, South Australia, uranium

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