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Actualité de la bourse sur Rio Tinto – RTZ : interviews, rumeurs de marchés, analyses, dossiersEasyBourse

 BHP Details Olympic Dam Growth, Questions Remain
easybourse.com  October 31st, 2008 By Alex Wilson Of DOW JONES NEWSWIRES MELBOURNE -(Dow Jones)- BHP Billiton Ltd. (BHP) gave an update Friday on its planned expansion of the giant Olympic Dam mine in South Australia state but analysts said questions still remain about the timing and cost of the key growth project.
BHP plans a five stage expansion that will transform the copper, uranium and gold mine from an underground operation into one of the world’s biggest open pit mines with annual output of 730,000 tons of copper and 19,000 tons of uranium.
Olympic Dam is a key growth project for BHP and the update on its expansion plans has been keenly awaited, but didn’t include timing for the later stages of the expansion or an updated capital expenditure figure of the project.
The company said it plans to issue its environmental impact statement for the massive project to the South Australian state government before the end of 2008 with approval to take between 12 months and 18 months…………………………..Ord Minnett analyst Peter Arden, who was not on the site visit, said it was disappointing the presentation did not give a range for the cost of the project or a more definite timeline for its later stages.
“It may not be that expensive or onerous, but it is just the uncertainty of it that is never ending and I don’t know why they can’t at least give some sort of ballpark figure,” he said………………..

Actualité de la bourse sur Rio Tinto – RTZ : interviews, rumeurs de marchés, analyses, dossiersEasyBourse

Tags: nuclear, antinuclear, radioactive, uranium

November 3, 2008 - Posted by Christina Macpherson | business and costs