Kalyan Kumar reports that the Russian state-owned nuclear corporation, Rosatom, is selling its Honeymoon uranium project in northern South Australia to a local mining company, Boss Resources, which is registered in Australia. Boss has a high degree of exposure in nickel and copper projects in Sweden and Finland, and gold mines in Burkina Faso, West Africa. According to an announcement via the Australian Stock Exchange, Boss is in an agreement with Rosatom subsidiaries Uranium One Inc and Uranium One Australia Pty to acquire 100 percent of the issued share capital in Uranium One Australia, which owns the Honeymoon project, World Nuclear News reported. At present, there are only three active sites in Australia - Olympic Dam in South Australia, Ranger lease in the Northern Territory, and the Four Mile mine in South Australia. In Ranger, the mining activity is too minimal as the company is working with its remaining stockpiles. Olympic Dams core focus is copper and uranium is only a byproduct.
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