Australia approves BHP’s Olympic Dam mine expansion

Reuters: BHP Billiton moved closer to an estimated $20 billion to $30 billion expansion of its Olympic Dam copper and uranium mine after winning environmental approvals on Monday for the project in the deserts of southern Australia. The approvals give BHP the green light to nearly quadruple the mine’s copper output to 750,000 tonnes annually to help feed a growing market in Asia, especially China, where copper consumption is forecast to surge 6 percent this year.

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Australia approves BHP’s Olympic Dam mine expansion

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