Cameco Puts Up $430M For BHP Uranium Mine

Law360, New York (August 27, 2012, 7:59 PM EDT) -- Uranium heavyweight Cameco Corp. has struck a $430 million deal with BHP Billiton Ltd. to acquire the Australian mining outfit's Yeelirrie uranium project in Western Australia, the buyer announced Sunday.

The deal gives Cameco a largely undeveloped site in the Northern Goldfields region of Western Australia that is suitable for open-pit mining. The acquisition also reinforces Cameco's foothold in the state, where it is already exploring the Kintyre site about 466 miles to the north, according to a statement from the Canada-headquartered Cameco.

"Yeelirrie represents an...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.