The federal government hopes to revive BHP Billiton’s Limited
(ASX:BHP) Olympic Dam expansion, according to media reports.
Federal ministers have reportedly been in talks with the mining company about potential assistance including R&D aid, one-stop environmental approval processes and certainty on the carbon and mining taxes.
The $28 billion Olympic Dam project was put on hold in August 2012 amid cost blowouts and weakened commodity prices.
South Australian Premier Jay Weatherill has told media there’s nothing more his state government can do to speed up the project in terms of financial or regulatory support.
BHP generated a net profit of $11.9 billion in fiscal 2013.
