Antinuclear

Australian news, and some related international items

BHP Billiton gambles on China’s nuclear boom

BHPB will have to spend something like $30-35 billion on the project and dig up a rather large part of SA.

It will not want to wake-up, so to speak, in eight years or so after it’s spent the money, to find the China boom has evaporated.

BHP Billiton to bank on big boom | Herald Sun, 31 March 11, BHP Billiton is on the brink of a huge, huge bet that the China-driven resources boom will just keep expanding and be joined by the Indian-driven one.It will also make a huge bet that the Japanese nuclear problem will figuratively speaking blow over.

Otherwise it might have to find a nice place in South Australia to stockpile an awful lot of uranium concentrate……At full production, BHPB will have to sell or stockpile more than 17,000 tonnes of uranium concentrate each year.

Now to get to that point, BHPB will have to spend something like $30-35 billion on the project and dig up a rather large part of SA.

It will not want to wake-up, so to speak, in eight years or so after it’s spent the money, to find the China boom has evaporated.

BHP Billiton to bank on big boom | Herald Sun

 

March 31, 2011 - Posted by | business, South Australia |

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