BHP Cool on Hot Uranium Demand

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 08/21/15

BHP Billiton has warned that the future doubling of global demand for uranium will not necessarily lead to increased investment at its Olympic Dam mine. The mining company said the commercial return from the Olympic Dam deposit in the north areas of South Australia is primarily a cooper mine with secondary products of uranium, rare earth, and other resources. The price of copper determine the mines economic favorability.