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Uranium price rise boosts BHP’s Olympic Dam expansion case

Source: afr.com afr.com
News Snapshot:

“In a world of a nuclear renaissance you would expect that the supply demand equation works such that that gives rise to higher uranium prices which then could flow back to making that expansion opportunity more economic,” he told The Australian Financial Review. BHP consolidated the copper, gold and uranium assets around Olympic Dam this year when it acquired OZ Minerals for $9.6 billion. Mr Henry has previously dangled the possibility that copper output from South Australia could be raised by 50 per cent if BHP invested in a “two-stage smelter” at Olympic Dam. He told the Financial Review BHP…

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