Cameco

Cameco to acquire BHP’s uranium project in Australia

Cameco to acquire BHP’s uranium project in Australia BHP Billiton has said that it will sell its Yeelirrie uranium deposit that is situated in Western Australia for $ 430 million to Cameco Corp of Canada.

The sale announcement came after BHP Billiton said that it has decided to scrap the project. Chief executive Marius Kloppers has indicated that the deposits were too small in quantity for the company. WA Premier Colin Barnett had asked BHP Billiton to scrap the project because it is too small for its portfolio.




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