Thursday, July 22, 2010

Mining: BHP Cautious (uranium mining)

Comment:  Think uranium mining will provide steady, clean jobs, no mining is a boom to burst!  The prices of uranium falls, miners are laid off!  No to uranium mining and milling!

BHP Billiton may be 'cautious' about the outlook for global growth and demand for its many commodities.

The company said in yesterday's 12 month production report that it "continues to be cautious on the short term outlook for the global economy".

But copper, gold and uranium output was affected by the slashing of 80% of the capacity of the huge Olympic Dam mine in South Australia, one of the world's largest copper, hold and uranium mining operations.

Uranium production fell 43%!

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