Olympic Dam = Opportunity.

News that BHP is getting on with the massive (try $30 billion) SA project has been welcomed after environmental impact studies commenced way back in 2005. Of interest “BHP will have to shovel rock for five to seven years before it reaches the Olympic Dam ore body, discovered in the mid-1970s.” posts Mineweb, Tom Koutsantonis, minister for mineral resources in SA adds “When it expands, the figures are a bit mind-boggling to get your head around, it will be a very large chunk of our gross state product and it will employ about 25,000 people directly and indirectly. It will create investment beyond our wildest dreams. Rio Tinto’s Vulcan project was likely to be as big as Olympic Dam and perhaps even bigger. The best anecdote I can give you is we’ve found the elephant, we are now looking for the herd,”. More…

Advertisements