u3o8 takeover target/farm-in project for bhp.?

Sun Mar 29, 2009

"The Sunday Telegraph said BHP had held a series of meetings with investors in recent days, and had been given the green light to explore potential deals.

A spokesman for BHP declined to comment, but Chief Executive Marius Kloppers has said in recent months that the firm could jump on potential opportunities that come along."

http://www.reuters.com/article/ousiv/idUSTRE52S0V620090330


April 22, 2009

"Next week BHP Billiton (BHP) will move a step closer to a massive expansion of its Olympic Dam mine in South Australia, the world’s biggest proven uranium reserve , with the release of an environmental impact assessment. Extending into the Yeelirrie deposit in Western Australia, which is estimated to have a 10 to 12-year lifespan and a resource of 35,000 tonnes of uranium, will put BHP at the head of the pack when it comes to talks with the Chinese buyers. This is a result of the WA government lifting a six year ban on uranium extraction in the state."

http://seekingalpha.com/article/132307-bhp-rio-tinto-to-benefit-from-uranium-mining-in-australia

JB