South Australia’s Premier Jay Weatherill has again affirmed the state’s confidence that BHP Billiton Limited (ASX:BHP) will make a decision on its Olympic Dam copper and uranium mine before the deadline.
The $US30 billion mine is located in South Australia and awaiting an investment decision for the planned expansion programme by its December 15, 2012 deadline.
Speaking to ABC Radio Mr Weatherill noted the speculation about BHP’s future but affirmed the state government expects BHP to make their decision before the end of the year.
Doubts over the BHP’s expansion programs have been circling for months fuelled by warnings from the global miner’s executives, flagging the potential for extended project development timelines.
BHP recorded a net profit of $9.9 billion in the first half of its 2012 financial year.