South Australia’s Premier Jay Weatherill has dismissed doubts raised over BHP Billiton Limited’s (ASX:BHP) future projects following comments made from the global miner's chairman and CEO.
BHP’s top executives have warned the company will scale back from its ambitious $80 billion expansion programme because of the changing global environment.
BHP’s is due to make a decision on expanding its $US30 billion Olympic Dam copper and uranium mine in South Australia at the end of this year.
The State’s Premier has hosed down concerns for BHP’s downsizing plans and says he remains confident BHP will approve the expansion by the December 15, 2012 deadline.
BHP posted a net profit of $9.9 billion in the first half of its 2012 financial year.
