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    market news

    Cameco Looks To Acquire More Uranium Mines

    Investing News Network
    Aug. 31, 2012 10:36AM PST
    Energy Investing

    Bloomberg reported Cameco Corp. (TSX:CCO,NYSE:CCJ) has made $1.45 billion of uranium-industry bids since last year’s Fukushima nuclear accident in Japan and is looking to acquire more.

    Bloomberg reported Cameco Corp. (TSX:CCO,NYSE:CCJ) has made $1.45 billion of uranium-industry bids since last year’s Fukushima nuclear accident in Japan and is looking to acquire more.

    As quoted in the market news:

    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.

    Click here to read the full Bloomberg report.

    market newslargest uranium producercameco corpnyse:ccjaustralia
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