Cameco Looks To Acquire More Uranium Mines

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.