olympic damn expansion cancelled, page-21

It is no more than a political stunt by BHP. It is simply designed to put some pressure on Govt.

Have a look at these comments by BHP and then ask why would you cancel the expansion?

It said it expected more volatility in commodity markets in the short term due to weakness in manufacturing and construction sectors in all key markets weighing on market sentiment.

'However, in the medium term we expect supportive economic policy and a broad growth bias, particularly in China, to lead to measured improvement in the external environment beginning in the first half of the 2013 financial year,' the company said in a statement.

The company said its positive longer-term view was unchanged about urbanisation and industrialisation across the developing world, adding that the housing market may have stabilised in the US, which should boost confidence.


http://www.skynews.com.au/topstories/article.aspx?id=786585