BHP Billiton Limited
(ASX:BHP) says it will pass on responsibility for its Olympic Dam operations to the Base Metals Customer Sector Group.
The mining company says the incorporation of Base Metals will consolidate the management of the next phase of studies.
The decision follows an investigation into a less capital-intensive design of its open-pit expansion.
The news comes after BHP recently received a four year extension to its indenture agreement covering Olympic Dam’s expansion.
BHP Billiton posted an annual net profit of $15.24 billion in the 2012 financial year.
