Aug 23, 2012

How Olympic Dam became a mirage in the desert

The Olympic Dam expansion is now a genuine "mirage in the desert". Kevin Naughton of InDaily looks at the history of the project from Mike Rann to now.

It’s seven years since an excited Premier Mike Rann and his then-deputy Kevin Foley started briefing media executives about an imminent mining boom. Central to the spruik was BHP’s new estimation of Olympic Dam, the copper, gold and uranium mine in South Australia that it had just bought from Western Mining Corporation.

When BHP bought Western Mining in 2005, it started drilling around the site to get a feel for the extent of the ore body. Word came through quickly that there seemed to be no end to the ore; BHP had bought a massive resource within the highly prospective Gawler Craton in South Australia’s north and it was going to deliver for decades to come.

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One thought on “How Olympic Dam became a mirage in the desert

  1. shanghai

    The Razorfish in the gulf will be celebrating a reprieve.

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