WMC also gives BHP Billiton exposure to uranium via the giant Olympic Dam mine in South Australia, which geologists believe holds more than a third of the world's known reserves.For more information on the Olympic Dam mine, click here.
Rising costs for oil have pushed prices for uranium up three-fold to meet renewed demand for nuclear generated energy.
BHP Billiton intends to move quickly to integrate WMC's outback mining and refining operations into its global commodities base.
Technorati tags: Nuclear Energy, Environment, Energy, Politics, Technology, Economics
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