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Wednesday, February 21, 2007

BHP Is Buying Uranium

Well, this is interesting news ...

BHP BILLITON is being forced to buy in uranium from third parties at boom prices to meet increased demand from contract customers, despite owning the world's biggest uranium deposit at its Olympic Dam project in South Australia.

Read the rest by CLICKING HERE.

So we have BHP, owner of the world's biggest uranium mine, being forced to buy uranium to meet contractual obligations.

The World Nuclear Association has forecast that demand for uranium could increase from about 65,000 tonnes last year to about 78,000 tonnes in 2015 and 111,000 tonnes in 2030. I really, really think that's an underestimation.


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