Deals
Cameco Hunts for Uranium Mines While BHP Sells: Corporate Canada
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Cameco Corp., which has made $1.45 billion of uranium-industry bids since last year’s Fukushima nuclear accident in Japan, is on the lookout for more acquisitions while BHP Billiton Ltd. and Areva SA sell assets.
Cameco, the world’s third-largest uranium producer, is seeking to almost double output to 40 million pounds a year by 2018 from current mines and those under development. The company said Aug. 26 it agreed to buy BHP’s Yeelirrie project in Australia for $430 million.