South Australia Gives BHP Billiton 4 More Years to Decide on Olympic Dam Expansion

By Vittorio Hernandez,

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The South Australian ( SA ) government provided on Tuesday some relief to mining giant BHP Billiton ( BHP ) by granting it a four-year extension to decide on the multibillion dollar Olympic Dam expansion project.

In turn, BHP committed to the state government a $650-million package designed to give the venture's expansion the best chance of pushing through. Part of that deal is a $110-million investment in the SA community.

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This article appears in: Investing Commodities
Referenced Stocks: BHP , SA

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