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BHP Still Committed to Olympic Dam Expansion

BHP Billiton spokesperson Amanda Buckley said that the $20 billion Olympic Dam expansion plans remained on track with the original time table. The statement was made after a newspaper report said that the project may be delayed due to environmental assessment and costs.

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The South Australian government opposition had been briefed on the project about two weeks ago. The state's opposition mining spokesman Mitch Williams felt that the mining giant was still committed but the timing was the key question.

The significant increase in the required capital due to the recent softening of prices for the Olympic Dam's key minerals, especially uranium is said to be holding BHP Billiton back. The planned expansion could triple the annual copper production to 730,000 tonnes and quadruple the uranium production to 19,000 tonnes over 11 years.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


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