BHP Billiton Sells Smith Ranch Uranium Operation to Cameco.Business Editors MELBOURNE, Australia--(BUSINESS WIRE)--June 19, 2002 BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. (BHP) subsidiary, Rio Algom Mining LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (RAMC RAMC Royal Army Medical Corps RAMC (Brit) n abbr (= Royal Army Medical Corps) → Verband zur Versorgung der Armee mit Stabsärzten und Sanitätern ), today reached agreement for the sale of its wholly owned Smith Ranch in-situ uranium mine in Wyoming, USA, to Cameco Corporation of Canada. The sale completes BHP Billiton's exit from uranium production as part of its planned divestment of non-core businesses. The sale agreement is subject to final approval by various regulatory agencies. Smith Ranch, BHP Billiton's only operating uranium asset, produces natural uranium Natural uranium (NU) refers to refined uranium with the same [isotopic ratio] as found in nature. It contains 0.7 % uranium-235, 99.3 % uranium-238, and a trace of uranium-234 by weight. In terms of the amount of radioactivity, approximately 2.2 % comes from uranium-235, 48. concentrates and sells its output to the power generation industry. It was acquired by Billiton as part of its acquisition of Rio Algom Ltd in 2000. In calendar year 2001, Smith Ranch produced 0.93 million pounds of uranium. Further information can be found on our Internet site: http://www.bhpbilliton.com. |
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