bhp & uranium ********, page-8

  1. 205 Posts.
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    Apparently uranium coming out of Olympic Dam is only a by product of BHPs main goal there, copper through their copper leaching. They usually just sell into the spot market at whatever the going rate is, no contracting. They at the moment do not have any uranium only producing mines (their last Aussie mine was sold to Cameco in 2012 i think).

    Justin Hulm from the Uranium Insider program on you_tube has mentioned in the past that BHP uranium sales probably negatively affect the spot price since they just let it go at current spot rates.

    In their June 22 annual report, volumes are shown on how much they produce, sell, price etc:

    https://hotcopper.com.au/data/attachments/4755/4755111-d6b59591763f5500ab21ff42c7402a37.jpg

    https://hotcopper.com.au/data/attachments/4755/4755119-bffcec8665ba3713b5bb4bbdc5119a20.jpg

    hope this helps, I hold BHP, but not for their uranium, blue chip and dividends...
    C

 
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