Antinuclear

South Australian government rolled over for BHP, but Olympic Dam uranium mine still uneconomic

High costs stall Olympic Dam BY: SARAH MARTIN, SA POLITICAL REPORTER  : The Australian November 14, 2012   BHP Billiton chief executive Marius Kloppers says the Olympic Dam mine will not be expanded until the high-cost environment in Australia improves, with the resources industry overheated by too much demand.

The South Australian Labor government yesterday granted the miner an extension until October 2016 to its existing indenture agreement for the shelved mine expansion, in line with the project’s environmental approvals…..   subscription only  http://www.theaustralian.com.au/business/mining-energy/high-costs-stall-olympic-dam/story-e6frg9df-1226516169013

November 15, 2012 - Posted by Christina Macpherson | business, South Australia, uranium