BHP deserts Olympic Dam

BHP CEO Marius Kloppers.
BHP CEO Marius Kloppers.

MINING Giant BHP Billiton has deserted its plans for a $30billion expansion of its Olympic Dam uranium mine in remote South Australia.

The company announced the changes to its plans for a huge open-pit expansion on Wednesday to the Australian Stock Exchange.

BHP will take a $346 million hit to its bottom line to the changes, but the company still plans to investigate other expansions of the nation's biggest uranium mine that were "less capital-intensive".

Topics:  bhp billiton

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