Menu
Business

BHP deserts Olympic Dam

BHP CEO Marius Kloppers.
BHP CEO Marius Kloppers.

MINING Giant BHP Billiton has deserted its plans for a $30billion expansion of its Olympic Dam uranium mine in remote South Australia.

The company announced the changes to its plans for a huge open-pit expansion on Wednesday to the Australian Stock Exchange.

BHP will take a $346 million hit to its bottom line to the changes, but the company still plans to investigate other expansions of the nation's biggest uranium mine that were "less capital-intensive".

Topics:  bhp billiton


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Region faces wild wind

DESTROYED: Half of the roof of the Moranbah home was ripped off from the 104km/h wind.

Moranbah residents say weather is worse than the cyclone.

Heroic rescue saves life

CLOSE CALL: Leslie Cruthers and Buddha at the spot the playful pup fell into the Nogoa River.

Kayakers rush to save dog walker clinging to riverbank.

National super star at age 13

Competing in Rotorua, New Zealand earlier this year.

Dingo local takes on international motocross competition.

Local Partners