Minotaur Sells Exploration Plots Near Olympic Dam To BHP
2012年4月23日 - 10:26AM
Dow Jones News
Australian mineral prospector Minotaur Exploration Ltd. (MEP.AU)
said Monday that it has reached an agreement to sell five
exploration tenements near BHP Billiton Ltd.'s (BHP) Olympic Dam
operation to the mining giant for A$10 million and BHP's interest
in another exploration asset.
BHP will buy the five plots in the Gawler Craton geological
zone, where copper-gold-uranium deposits including Olympic Dam have
been discovered, for cash plus its 41% interest in the Bonython
Hill joint venture with Minotaur, Adelaide-based Minotaur said in a
statement.
BHP is expected to make a decision this year on whether to
proceed with an expansion at Olympic Dam, a project analysts have
estimated could cost close to US$30 billion. The company has been
working on plans to develop an open-pit mine alongside existing
underground operations to sharply increase production of copper
over the next 30 years, as well as the output of uranium, gold and
silver.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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