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BHP ditches Olympic Dam as profit tumbles

Cecilia Jamasmie | August 22, 2012 | 12:59 pm Base Metals Energy Precious Metals Top Companies Australia Europe Copper Gold Iron Ore Silver Uranium 

The world's number one miner, BHP Billiton (LON/ASX/NYSE:BHP), has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries cutting costs. The company announcement came out on Wednesday...

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