olympic damn expansion cancelled, page-19

Commercial decision....Government not involved one iota.


"It doesn't really make a lot of sense in this market for them to be engaging in a major capital spending program and to be bringing more supply onto the market in a time when prices are softening," said Gavin Wendt, publisher of resources newsletter Mine Life.

"The deposit isn't going anywhere and this decision gives them the sort of flexibility down the track to expand," he said. "In this environment it makes sense to maintain the status quo."

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