Olympic Dam – now what?

Australia’s biggest resources companies have revealed that more than $50 billion worth of expansion projects will not go ahead as planned.

In one of the biggest corporate decisions of the year, BHP Billiton confirmed that planse for a $30 billion expansion of its Olympic Dam mine in South Australia, and a $20 billion expansion of Western Australia’s Port Hedland will not proceed.

Tim Brunero spoke to Michael O’Neil, the Director of the South Australian Centre for Economic Studies, University of Adelaide.

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