BHP Billiton remains in Australia

Australia does not cease to be attractive to investors.

In brief: Olympic Dam remains a goal for the company BHP Billiton. The company will continue to expand the mine.

Great mining company, “BHP Billiton” continues to work on expanding the Australian mine Olympic Dam. Said head of the group Marius Klopper. According to him, this project will continue, despite the plans of the Australian authorities to supernalog mining.

Nevertheless, this tax may contain a real threat to Olympic Dam. “At the moment the project is not frozen. We are moving forward and invest in the project involved 200 engineers. Otherwise, we would have made a statement”, – said M. Kloppers.

It is expected that the project will be submitted to the board of the company for approval in the second half of next year. As we know, “BHP Billiton” up I quarter of 2010 increased the output of iron ore at an annual rate of 11% to 31.164 million tonnes. At the same time, compared with the previous quarter, ore production, on the contrary, decreased by 4%. At the mining company “BHP Billiton” includes the Australian “BHP Billiton Limited” and the British “BHP Billiton Plc”. The largest company engaged in the mining industry of bauxite, coal, copper, manganese, iron ore, nickel, uranium, diamonds, titanium minerals, silver, and natural gas and crude oil.

Ukrainian Globalist
2010-05-30 14:04, Economics.

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