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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 emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.


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