BHP Still Interested in Olympic Dam Mine, Requests Extension of December Deadline

By International Business Times,  September 26, 2012, 10:25:10 PM EDT

Shortly after a month that it announced it is cancelling the $30-billion expansion of the Olympic Dam copper and uranium mine mega project, global mining giant BHP Billiton has asked the state government of South Australia to extend the deadline coverage of the indenture agreement the two parties signed in October 2011.

Tom Koutsantonis, SA mineral resources and energy minister, revealed BHP representatives led by BHP's head of uranium, Dean Dalla Valle, met with him on Wednesday to formally submit a request for extension to the deadline for approving the expansion. From Dec. 15 this year, BHP asked that the deadline be moved to October 2016.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Gay Hate Crimes In NYC
Gay Hate Crimes In NYC              
Dumpster Diver Seeks Cans, Gets Python
Dumpster Diver Seeks Cans, Gets Pyt...
Tsarnaev, 'Friend' Killed by FBI Linked to 2011 Murders
Tsarnaev, 'Friend' Killed by FBI Li...
Pot Use Hits New High in Seattle Schools
Pot Use Hits New High in Seattle Sc...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.31 0.13  0.97%
PFE $ 29.30 0.52  1.81%
GE $ 23.86 0.20  0.85%
F $ 14.97 0.02  0.13%
MSFT $ 34.61 0.24  0.69%
QQQ $ 73.65 0.62  0.83%
MU $ 10.92 0.31  2.76%
INTC $ 24.07 0.08  0.33%