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BHP dumps $3.5 billion expansion plan at Olympic Dam in ‘body blow’ for SA economy – ABC News
Mining giant BHP scraps another multibillion-dollar expansion plan at the Olympic Dam mine site, after studies of the ore body revealed underwhelming prospects.
Mining giant BHP has shelved a planned multibillion-dollar expansion at South Australia’s Olympic Dam, after studies of the ore body revealed underwhelming prospects.
Key points:
- BHP has announced copper deposits are more “complex” than previously though
- The SA Government says it is confident the project will go ahead, but is not sure when
- The Opposition described the decision as a “body blow” for SA’s economy
The information was contained in BHP’s first quar…
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