Olympic Dam Uranium Mine Indefinitely Shelved
Financial Post reported BHP Billiton Ltd. (NYSE:BHP,ASX:BHP) announced a widely-expected delay to the massive expansion of its Olympic Dam uranium mine in Australia.
Financial Post reported BHP Billiton Ltd. (NYSE:BHP,ASX:BHP) announced a widely-expected delay to the massive expansion of its Olympic Dam uranium mine in Australia.
Bloomberg reported BHP Billiton Ltd. (NYSE:BHP,ASX:BHP) said it’s studying spending cutbacks for its uranium project and others as commodity prices continue to fall.
Financial Post reported BHP Billiton Ltd. (NYSE:BHP,ASX:BHP) will delay approval of a $33 billion mine expansion in Australia for two years because of falling commodity prices.
SMH reported BHP Billiton Limited (NYSE:BHP,ASX:BHP) is planning to meet with policy makers in Australia regarding the expansion of their copper uranium project.
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Concerns of weakening US and Chinese growth and European instability have led to a drop in coal company share prices However, coal production levels and expansion investments remain robust on the back of continued emerging market growth.
Commodity Online reported on the increase in uranium prices in the last week.
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