Original article by Matt Chambers
The Australian – Page: 16 : 12-Jan-15
Along with those of other commodities, the price of copper has declined 15% between mid-2014 and January 2015. An earnings drop of $US1.5bn ($A1.8bn) will be suffered by BHP Billiton due to the $US0.50-a-pound drop. The company is asking the Federal Government for permission to increase the size of its tailings storage at the Olympic Dam copper and uranium mine in South Australia by a quarter. The move is part of a minor change at the facility, not a prelude to the large expansion that has been shelved by BHP
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