Road ahead looks uncertain for BHP, Canberra Times, BY GREG ROBERTS,18 Nov, 2011 ”……Chief executive Marius Kloppers said yesterday businesses were cutting back on inventory and taking fewer risks as liquidity and trade financing dried up.
Archive for the ‘Olympic Dam’ Category
BHP Billiton’s AGM reveals uncertainties, and opposition to Olympic Dam expansion
November 28, 2011BHP shareholders demand answers on environmental dangers of planned expansion of Olympic Dam uranium mine
November 28, 2011BHP Billiton AGM asked about mining radiation risk , ABC News, 17 Nov 11 The environmental credentials of the planned Olympic Dam mine expansion in outback South Australia have been questioned by some shareholders at BHP Billiton’s annual general meeting in Melbourne.
Dr Jenny Grounds from the Medical Association for the Prevention of War has questioned the BHP Billiton board about monitoring radiation exposure levels for Olympic Dam workers. She has also raised the issue of disposal of radioactive tailings by the company “with its open cut mine and the surface tailings piles and the potential for dispersion by dust storms and groundwater retention.”….
Water demands The board also was asked about water demands for the proposed expansion. A desalination plant will be built on upper Spencer Gulf near Whyalla to supply water for the huge mining expansion. Anne Kennedy from the Great Artesian Basin Protection Group says it will produce a surplus of 80 million litres of water daily.
She asked if it would replace water now being drawn from the basin. ”To allocate half of that surplus would enable [the company] to return that same quantity of water to the Great Artesian Basin,” she told the meeting…. http://www.abc.net.au/news/2011-11-17/bhp-billiton-agm-environment-olympic-dam/3677110?section=sa
Olympic Dam agreement all in BHP’s favour, not South Australia’s
November 28, 2011Opposition industry spokesman Martin Hamilton-Smith joined the criticism of the deal struck with BHP Billiton. Mr Hamilton-Smith said, “Every word of the agreement favours BHP, not South Australians.”
Greens turn new Premier Jay Weatherill blue, The Advertiser, Sarah Martin , November 10, 2011 ”……Mr Parnell agreed that the Greens did not support any expansion of uranium mining in Australia, and argued the mine could be viable without uranium exploration.
“We don’t shy away from the fact that we don’t think we should be playing any part in the nuclear cycle … but the Olympic Dam mine is overwhelmingly a copper mine.” Mr Parnell said his party was not satisfied with the answers previously provided by the Government, and he would proceed with his amendments.
“I dispute that the questions have been answered and I will ask as many questions as are necessary and will move as many amendments as we think are necessary, and once we have done that we will stop.”
The stoush between the Government and the Greens comes as Opposition industry spokesman Martin Hamilton-Smith joined the criticism of the deal struck with BHP Billiton. (more…)
Australian Greens have serious questions on Olympic Dam uranium mine exxpansion
November 28, 2011Greens put forward 100 amendments to gridlock mine’s $525 million, by:Sarah Martin, The Advertiser, November 09, 2011 Greens MLC Mark Parnell said his minority party was “not going to be cut short and stopped from asking the questions that need to be asked”, …. BHP says the revised Indenture Act needs to pass Parliament before the end of the year to trigger spending on preparatory work for the mine…. the Bill’s passage could be delayed until Parliament resumes in February next year…..
WHAT THE GREENS WANT TO KNOW
- 1. ROYALITIES
Why did the Government lock in a royalty regime for 45 years, and why is it based exclusively on old-style production-based royalties, rather than one that captures a fair share of mining profits?
2. ECONOMIC RETURN
How good an economic deal did SA receive when BHP CEO Marius Kloppers is claiming to his shareholders that the Olympic Dam Expansion will be low cost and highly profitable?
3. PROCESSING IN SA RATHER THAN CHINA
How many South Australian jobs will be lost by not requiring BHP to process our ore here in South Australia rather than exporting it to China?
4. EXEMPTION FROM SA LAWS
Why is BHP exempt from over 20 South Australian laws that every other mining company in SA has to comply with?
5. NO URANIUM OPTION
Why wasnt a No Uranium Roxby Expansion considered when we know it is not only technically feasible, it would also mean less water and energy use and more jobs as the processing would be done here in SA, rather than in China?
6. GREAT ARTESIAN BASIN
Why isn’t there a plan to wean BHP off using 42ML/day of ancient water from the Great Artesian Basin, when they plan double that volume in excess capacity (80ML/day) from their desalination plant?
7. DESALINATION PLANT & CUTTLEFISH RISK
Why is the Government prepared to risk the breeding grounds of the Giant Australian Cuttlefish by not requiring the company to build in a different location?
8. RADIOACTIVE LEAKAGE FROM TAILINGS DAM
How can the Government claim that they have met their public commitment for the expansion to meet worlds best environmental practice when only 4 per cent of the tailings dams will be lined and the dams are designed to leak up to 8 million litres of toxic radioactive waste liquid/day?
9. RESPONSIBILITY POST MINE CLOSURE
Who will ultimately be responsible to manage the open pit, tailings dams and rock waste pile for the 10,000 years after the operations cease that the radioactive risk remains: the company or SA taxpayers, and how much will that management cost?
10. GREENHOUSE POLLUTION & RENEWABLE ENERGY
Why isn’t the company committing to any investment in cleaner energy to meet their whopping 650 MW electricity demand beyond the 57MW commitment for powering the desal plant (less than 10 per cent of total demand) to reduce their enormous increase in the states greenhouse pollution of 12-15 per cent?
BHP Billiton’s huge new uranium mine – a poor deal for South Australians
November 28, 2011Roxby Spin vs Reality as Libs Roll-over:
1) EPA not fully independent
2) No guarantee of extra processing on site
Greens Leader Mark Parnell has accused the Liberals of ducking responsibility over the Roxby approval Bill, as more details emerge that undermine confidence in the deal signed between the Government and BHP Billiton. “The Liberals claim they could have got a better deal. Well, they still can,” said Greens Parliamentary Leader Mark Parnell.
“It is not too late for the Parliament of South Australia to insist on a much better deal for our State. We can and should amend the legislation to ratify the Roxby expansion currently before Parliament. “To roll over and pass the Roxby Indenture Bill unchanged will miss a once in a generation opportunity to get this right,” he said.
The call comes as more gaps emerge in the Government’s claims over the Roxby expansion. “The Government claims the EPA will be fully independent. Yet with this Indenture the EPA will still be operating with one hand tied behind its back,” said Mr Parnell.
“Also the Government has talked up the potential to double processing on site at Roxby Downs to 350,000 tonnes of refined copper. Yet this is not a condition in the approval and there is nothing to stop BHP Billiton ignoring that commitment in the future and export all the ore from the expansion and jobs to China. “And this is on top of locking in a ridiculously low royalty rate for the next 45 years.
“The closer we look, the more concerned we are at the very poor deal the State Government has signed on behalf of all South Australians,” he said.
Australians not awake up to Olympic Dam uranium mine – a coming catastrophe
November 4, 2011The project was vigorously opposed from the start by both the local Arabunna and Kokatha peoples …..
The mining operations are expected to produce 8 million litres of radioactive tailings every day – which will eventually leach into local aquifers – and will create 9 billion tons of radioactive waste that will need to be monitored for the next 10,000 years,
Virtually every adult Australian citizen was aware of the “carbon tax” …Very few, however, were aware that at much the same time, a project had been set into motion that made a complete mockery of any pretensions to act in a an environmentally responsible manner.
Learning To Shine Through The Ruins, By Vincent Di Stefano, 30 October, 2011,Countercurrents.org ”…….Despite the fact that the Chernobyl melt-down 25 years ago has already cost nearly a million lives , and despite the fact that hot Strontium from the damaged Fukushima nuclear plant has been detected on the rooftops of houses in Yokohama 250 kilometers away, the nuclear industry, together with its marketing arm, the International Atomic Energy Commission continues to aggressively pursue their deadly interests.
On October 10th 2011 , both the Australian Federal Government and the South Australian Government obligingly rubber-stamped a massive industrial development at the Olympic Dam mine complex at Roxby Downs in South Australia that will, over the next 10 years, see an additional 19,000 tons of uranium oxide (yellow cake) produced annually for export every year. Australia already exports over 10,000 tons of yellow cake every year.
This mammoth project will result in the creation of the world’s largest open-pit mining operation. (more…)
SUBMISSION TO THE SELECT COMMITTEE Re: Roxby Downs (Indenture Ratification) (Amendment of Indenture) Amendment Bill 2011
November 4, 2011SUBMISSION TO THE SELECT COMMITTEE. NECTARIA CALAN, Friends of the Earth Adelaidc /- Conservation Council of SA
Level 1, 157 Franklin Street, Adelaide SA 5000 Contact: blackwallaby@gmail.com, 26 October 2011
Re: Roxby Downs (Indenture Ratification) (Amendment of Indenture) Amendment Bill 2011
I ask the Committee to revisit the issue of consultation, in regards to the approval of the Olympic Dam
expansion as set out in Clause 11(3) which ratifies and approves the amendments to the Indenture.
There has not been a genuine process of consultation with either the Kokatha or Arabunna peoples, Native
Title claimants or otherwise, or the wider Australian public, both in regards to the establishment of the
Olympic Dam mine by Western Mining Corporation and the process leading to the recent approval of the
Olympic Dam expansion. (more…)
South Australia getting a poor financial deal out of BHP’s new big uranium mine
October 30, 2011A case of Olympian incompetence by South Australia, THE AUSTRALIAN, BY:PAUL CLEARY ,October 21, 2011 THE royalty agreement negotiated by South Australia for BHP Billiton’s Olympic Dam expansion has robbed the state’s citizens and all Australians of the opportunity to share in the profits of what will become the world’s biggest mine. (at left, Marius Kloppers CEO of BHP BIlliton, and Mike Rann, retiring Premier of South Australia.)
This deal is a monumental example of state government incompetence when it comes to acting as custodian of the nation’s mineral wealth. (more…)
Call for an inquiry into BHP Billiton’s Great Big New Open Cut Uranium mine
October 30, 2011Greens call for inquiry into Olympic Dam expansion, SMH Peter KerOctober 18, 2011 APPROVAL for BHP Billiton’s massive Olympic Dam expansion may not proceed as quickly as the global miner would like, with minor parties in the South Australian parliament seeking to slow the process by attempting to force the company to front a parliamentary inquiry.
The indenture agreement struck by BHP and the SA Government for Olympic Dam will be introduced to the state’s parliament today or tomorrow, and must be approved by both chambers to have any legal power.
The Premier Mike Rann – who will retire on Friday – wants Parliament to approve the bill as soon as possible, and BHP has promised to start spending up to $US1.2 billion as soon as the bill secures passage through the Parliament.
But Mr Rann’s Labor Party does not control the upper house of Parliament, where a group of seven minor party MP’s have the balance of power. Two of those MPs represent the Greens Party, and Greens leader Mark Parnell said the agreement was so important to South Australia’s future it must be fully analysed by a select committee with powers to call and question BHP executives.
Mr Parnell said the delay should pose no problem given BHP does not expect to take a final investment decision until mid 2012. ”What is the point of the SA Parliament cutting corners and rushing this through when the company isn’t going to decide until the middle of next year anyway,” he said.
Mr Parnell wants to quiz BHP over why more processing of Olympic Dam’s copper, uranium and gold could not take place in Australia, as well as the environmental impacts. Despite the approvals process running over many years and through hundreds of pages of environmental impact statements, Mr Parnell said the public had never had a chance to publicly question BHP officials.
“It is time, as Parliament sets to sign off on the biggest deal in South Australia’s history, to finally get some straight answers on this enormous project,” he said. : http://www.smh.com.au/business/greens-call-for-inquiry-into-olympic-dam-expansion-20111017-1ltda.html#ixzz1b9u265hy
BHP BIllition to get 42 million litres daily from Australia’s groundwater basin!
October 30, 2011VIDEO Mine expansion draws more water from basin ABC News, Paul Klaric, October 14, 2011 Scientists are concerned that the the proposed Olympic Dam mine expansion will put a strain on Australia’s greatest underground water supply. http://www.abc.net.au/news/2011-10-14/mine-expansion-draws-more-water-from-basin/3572500
GREEN LIGHT FOR OLYMPIC DAM EXPANSION THE BLOGGER IS A BHP BILLITON SHAREHOLDER. On 13 May 2011 the company announced a proposal for six-fold expansion of Olympic Dam Mine in South Australia – to extract the most valuable single mineral deposit in the world. The mine will consume up to 42 million litres of water a day from the Great Artesian Basin for plus 40 years.
USE OF THE GREAT ARTESIAN BASIN BY THAT MINE IS THE ISSUE WHICH THIS BLOG ADDRESSES
On 10 October 2011 the South Australian (SA) Government granted approval for the BHP Billiton (BHP) Olympic Dam expansion. The Indenture Bill, signed on 12 October by representatives of BHP and the State Government, will now be submitted to vote in the SA Parliament. The SA government will not terminate or suspend the current licence which entitles BHP to take 42 million litres of water each day for Olympic Dam from the Great Artesian Basin (GAB) - but BHP will in the future pay for GAB water. This failure of the SA Government to protect the best interests of the GAB represents an enormously significant strategic win for BHP.