South Australia: uranium licence agreement scrapped by BHP
BHP scraps Olympic Dam licence deal THE AUSTRALIAN, BY: ROBB M. STEWART From: Dow Jones Newswires September 10, 2012 BHP Billiton has scrapped plans to buy a basket of exploration licenses in the region of its Olympic Dam copper and uranium mine in South Australia after it last month shelved a $US30 billion plan to greatly expand the operation.
Exploration firm Tasman Resources said today that it had received a notice from BHP terminating conditional contracts that would have seen BHP buy five exploration licenses and one license application for the
Stuart Shelf region, which hosts the Olympic Dam deposit.
Tasman in mid-June had said BHP had agreed to buy the licenses in a $3 million deal subject to several conditions. It at the time said the land contains several targets that are thought to be deep and relatively high risk and therefore more suited to companies with larger exploration budgets…… http://www.theaustralian.com.au/business/
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