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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, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, content production, design, animation, database and networking, software, and editing. Joel has been with AZoNetwork since its inception in 2000.


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