$30 billion expansion of Olympic Damn uranium mine will go ahead, says Tony Abbott
Prime Minister Tony Abbott predicts $30 billion Olympic Dam expansion will go ahead POLITICAL EDITOR TORY SHEPHERD THE ADVERTISER SEPTEMBER 30, 2014 A $30 billion Olympic Dam expansion is likely to go ahead “in the months and years ahead”, Prime Minister Tony Abbott says.
BHP Billiton shelved the expansion plans in the face of low commodity prices and spiralling costs. However the expansion moved a step closer recently, after the Government waived stringent environmental tests to let them trial a cheaper way of processing minerals…….
BHP Billiton is expected to give more detail on their plans at their AGM in Adelaide in November. Chief executive Andrew Mackenzie has said they have reduced costs and might be able to go ahead with a smaller or incremental expansion.
Before the election Mr Abbott pledged to create the economic conditions that would give the expansion the best chance of going ahead.
Federal ministers have met with BHP and have been talking up the prospects of the expansion …….http://www.adelaidenow.com.au/news/south-australia/prime-minister-tony-abbott-predicts-30-billion-olympic-dam-expansion-will-go-ahead/story-fni6uo1m-1227075708200
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