Govt seeks BHP Olympic Dam revival

Federal ministers in talks with miner on ways to assist: report.

By a staff reporter, with AAP

The federal government is looking to revive BHP Billiton Ltd's Olympic Dam expansion to plug the hole left by Holden's exit from South Australian in 2017, The Australian reports.

According to the newspaper, federal ministers have been in discussion with the mining company about potential assistance including R&D aid, "one-stop" environmental approval processes and certainty on the carbon and mining taxes.

The $28 billion Olympic Dam project was put on ice in August 2012 amid cost blowouts and weakened commodity prices.

The federal government began approaching BHP Billiton prior to Holden's announced departure, The Australian reports.

Yesterday South Australian Premier Jay Weatherill said there was nothing more his state government could do to speed up the project  in terms of financial or regulatory support.

Mr Weatherill said BHP remained on a long-term trajectory to push ahead with the copper, uranium and gold mine, but that while the expansion was "looking positive" it was not a near-term proposition.

"They've got two critical pieces of technology that they need to prove up," the premier said.

"They're on a long-term trajectory and they're all going quite well.

"But they have a certain timeline, which is a bit immutable in terms of their success."