olympic damn expansion cancelled, page-35

For those that missed what BHP have actually said.


BHP
Preliminary results Year ended 30 June 2012


Olympic Dam Project

•Following a major capital review, BHP Billiton has decided to study an alternative, less capital intensive design of the Olympic Dam open pit expansion that involves new technologies

•This design has the potential to substantially improve the economics of the project

•As a result, the Group is not ready to approve development at Olympic Dam before the Indenture agreement deadline of 15 December 2012


http://hotcopper.com.au/announcementFiles/2012%5CBHP%5C5170c307-521c-4a3c-a322-64771edbb383-BHP377649.pdf