Australia, the third-largest uranium producer in the world, is home to nearly one-third of the world’s known uranium resources.
Articles Tagged "BHP Billiton"
Bloomberg reported that Toro Energy Ltd, which is planning to develop the Wiluna uranium mine for US$279million Australia, is in talks with potential partners from China, South Korea, and Japan.
Bloomberg reported that Saskatchewan Premier Brad Wall said Canada should end limitations on foreign ownership for uranium companies like Cameco.
The Sydney Morning Herald reported that uranium producer, Energy Resources of Australia believes that while the price of the commodity and demand are quite low these days, good times are bound to return if the company extends the life of its declining Ranger Mine.
The Sydney Morning Herald reported that BHP Billion announced more job losses to cut costs, particularly at the massive Olympic Damn project 550km north of Adelaide.
Japan has become a bellwether for the nuclear and uranium industries. News that state-run JOGMEC has signed a production-sharing agreement with the government of Uzbekistan is a strong indication that Japan is not committed to phasing out its nuclear power program.
The Australian reported BHP Billiton's (NYSE:BHP,ASX:BHP) decision to scale back a $US30 billion ($28.9bn) expansion of its Olympic Dam mine and sell its Yeelirrie uranium deposit cheered uranium executives.
IBTimes reported BHP Billiton (NYSE:BHP,ASX:BHP) will not purchase exploration rights around the Olympic Dam copper and uranium mine.
IBTimes reported BHP Billiton (ASX:BHP) has not totally abandoned its plans to expand the Olympic Dam uranium, copper and gold project in the long term, but has not provided any timeline for the project.
BHP Billiton has formally set aside expansion plans for its Olympic Dam copper and uranium mine and has agreed to sell the Yeelirrie deposit to uranium giant Cameco.