http://promotion.
blackhawk-mining.
com/2012/09/04/mining-boom-in-its-last-stages/
BHP Billiton?s project rollbacks worth USD50 billion, a significant difference
from its formerly active expansion tactic, is now being seen as the latest sign
that the...
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http://promotion.
blackhawk-mining.
com/2012/09/04/mining-boom-in-its-last-stages/
BHP Billiton?s project rollbacks worth USD50 billion, a significant difference
from its formerly active expansion tactic, is now being seen as the latest sign
that the worldwide mining boom has come to its end.
The mining company announces that its project to turn the Olympic Dam, the most
valuable mineral deposit discovered in Australia, into the biggest ever open-pit
mine has been delayed because of an increase in construction expenses.
In
addition, copper and uranium prices fell along with a strong domestic currency.
As a possible solution, BHP is looking into a less expensive design for the mine
that is poised to make thousands of employment opportunities.
Their Olympic Dam,
home to one of the biggest copper deposits and the greatest uranium source, is
seen as the flagship project of BHP.
This expansion project concerning the Olympic Dam will probably be the first in
a string of changes.
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