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Bloomberg reported BHP Billiton Ltd. (NYSE:BHP,ASX:BHP) said it’s studying spending cutbacks for its uranium project and others as commodity prices continue to fall.
Bloomberg reported BHP Billiton Ltd. (NYSE:BHP,ASX:BHP) said it’s studying spending cutbacks for its uranium project and others as commodity prices continue to fall.
As quoted in the market news:
The company’s board is due this year to decide on approving the Olympic Dam copper-uranium-gold mine expansion in South Australia, an iron-ore port expansion in Western Australia and a potash project in Canada. The three projects may cost a combined $68 billion to build, according to a May 23 estimate from Deutsche Bank AG. The bank estimated Olympic Dam alone will cost $33 billion.