nuclear-news

BHP Billiton likely to shelve grandiose Olympic Dam copper/uranium mine plan?

BHP (NYSE:BHP) Reports It Will Make Tighter Worldwide Copper Supply- USA Election News, 9 July 12  By: Jessica Honsinger   BHP Billiton Limited (NYSE:BHP) reported on Friday that it will make tighter worldwide copper supply from late 2013 onward if it delays work on its single-biggest project, the $30 billion growth of the Olympic Dam mine in Australia.
A 25% decrease in benchmark international copper prices since early on 2011 has eroded possible returns from the project, and the economic delay in top base metal consumer China has dampened the demand viewpoint. BHP’s system to quadruple output from Olympic Dam the fourth-biggest known copper deposit and biggest uranium source in the world is one a growing number experts consider probable to be shelved until markets stabilize….. http://uselectionnews.org/bhp-nysebhp-reports-it-will-make-tighter-worldwide-copper-supply-bhp-pcx-vale-anr-aci/

July 10, 2012 - Posted by Christina Macpherson | AUSTRALIA, business and costs