Current Olympic Dam may be just tip of the iceberg, or frying pan

Mineweb(Editorial) reports on the Olympic Dam project and the uranium sector.

The editorial is quoted as saying:

Mineweb has been detailing the enormity of this project of transforming a large underground mine into a massive open cut – particularly with there being a sterile cover of between 300-400 metres. However, the price for the development has escalated in the past eight years from original projections of about US$S3 billion, in itself a daunting figure for many mining companies.

Gottliebsen said BHP’s uranium president Dean Dalla Valle has revealed that the giant ore body was in the shape of a frying pan, with the current underground mine taking ore from the “handle” and the blueprinted open pit mine based on what is the “pan” of the ore body.

Click here to access the entire editorial.