olympic dam accident could cost us 550mn in lost copper uranium gold and

And when prices go up, and BHP starts production again, BHP will still be sitting on the world's biggest uranium deposit. About 30% of Olympic Dam's production is uranium; 70% is copper; and the rest is gold and silver. BHP produces other metals and materials at other mines around the world: iron, coal, oil and gas, aluminum, manganese, and more.

Oct 10, 2011· That requires looking decades into the future at the likely prices for copper, uranium, gold and silver prices that themselves will change depending on whether the Olympic Dam .

Jul 28, 2014· Prime Minister Tony Abbott has suggested in the past that speeding up the Olympic Dam expansion could help boost the South Australian economy once Holden ends car .

Meanwhile, Olympic Dam only works at that price because its uranium production is a byproduct of much more significant gold and copper output. When we look at the majority of additional projects needed to fill the looming supply gap, we think they need prices north of 70/lb to go forward.

Brett, Olympic Dam is primarily a copper mine which just happens to produce gold, silver and uranium. It also happens to be the world's largest uranium deposit.

Uranium market collapse bad for Paladin Energy. Revenue fell to 384 million euros and earnings dropped to 319 million euros. Urenco said it expects a "substantial rebalance" during the second half of the year due to continued capacity expansion in its US facility and the construction of a new unit in the UK.

During 1988 the Olympic Dam project commenced operations. This is a large underground mine at Roxby Downs, South Australia, producing copper, with uranium and gold as byproducts. Annual production of uranium started at some 1300 tonnes, with sales to Sweden, UK, South Korea and Japan.

Jan 19, 2010· Olympic Dam has run at a quarter of capacity since the accident in October, which led to the closure of its main haulage shaft. The mine lost 20,000 tonnes production in the December quarter.

The Treasurer said this was to compensate for the fact that mining investment could detract up to 2 per cent from economic growth between 2014 and 2016. On winning office, Tony Abbott declared Australia was "open for business".

Feb 03, 2012· With the Olympic Dam project it is projected to produce 19,000 tpa of Uranium from the mine which will be 95% of the projected production of upcoming Uranium mine .

Global copper markets should have found out overnight whether the risk of union wars at the world's biggest mine is real enough to trump the withering effect the gathering trade war between the US ...

The protest at Olympic Dam was staged to stop the planned expansion of the copper and uranium mine, which received a go ahead in October 2011. But economics raised uncertainties about the expansion project. AUGUST 3, 2012 | No. 753 AUSTRALIA: LIZARDS REVENGE EXPANSION OLYMPIC DAM UNDER PESSURE 1 BELGIUM CONFIRMS NUCLEAR PHASEOUT BY 2025, BUT

Mar 22, 2016· Olympic Dam would have an issue as the uranium produced there is actually an impurity in their copper mine, and hence needs to be separated. The one reactor in Australia (used to create primarily medicines) would still need to import fuel from France or Japan. The price of Uranium would increase slightly, but not substantially.

US nuclear deal will add to regional conventional asymmetry * Spokesperson says USIndia defence agreement can only add to conventional imbalance in region By Sardar Sikander Shaheen January 30, 2015 Be First To Comment. ISLAMABAD: Continuing to share concern over IndiaUS defence and nuclear cooperation, Pakistan on Thursday said that the defence agreement between the two sides could .

The Olympic Dam operation run by BHP Billiton in South Australia is combined with mining of copper, gold, and silver, and has reserves of global significance. There are currently three operating uranium mines in Australia, and several more have been proposed.