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

By International Business Times,  November 13, 2012, 06:01:18 PM EDT

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.

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: BHP, SA



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