Kloppers, copper prices and the global commodities supercycle

摘要

As BHP Billiton ceo Marius Kloppers announced plans to shelve the massive expansion of the Olympic Dam Copper mine in South Australia, he pointed to the "changed economics" ofthe project. Specifically, the investment rationaleforthe venture has been weakened by rising capex costs, the strong Australian dollarand an altered outlook for the uranium market following the Fukushima disaster in March lastyear, Kloppers said on Wednesday August 22.