PEN 0.56% 8.9¢ peninsula energy limited

on hold for 2 years....

  1. 8,838 Posts.
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    http://www.miningweekly.com/article/bhp-billiton-likely-to-delay-olympic-dam-30b-expansion-decision--report-2012-07-30

    " SYDNEY - BHP Billiton is likely to delay a decision on a $30 billion proposed expansion of the Olympic dam mine in South Australia, a newspaper said, months after it scrapped a capital spending plan citing tough economic conditions.

    A decision by the world's biggest miner on whether to proceed with the proposed expansion of its copper and uranium mine will not be made until 2014 rather than by the end of this year, as previously stated by the company, the Australian reported on Saturday, citing documents it had obtained.

    The document said BHP's uranium division confirmed the deferral and said a recruitment freeze was now in place on the Olympic Dam expansion, the single biggest investment project.

    "The expansion decision has been put on hold for two years," a consultant's document prepared for BHP said."

    etc.
 
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