BHP aims to supply uranium to China
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/bhp-aims-to-supply-uranium-to-chinaPosted on Tuesday, September 23rd, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
BHP Billiton CEO Marius Kloppers said nuclear energy would play a
“bigger role” in China in the future and that BHP is “gearing up”
to meet China’s uranium demand.
“That will take a couple of years, but clearly we are positioning
the company to, from our side, participate in that over decades, not
just a couple of years.”
“If the world is serious about cutting carbon emissions, then you
cannot have a debate without the nuclear piece in that debate, because
it is the most efficient way to cut carbon emissions.”
BHP does own a huge supply of uranium, but BHP is so diversified that any uranium boom will have a minor impact on BHP’s profitability. If you want a pure uranium play, look at Cameco (NYSE:CCJ).
Last 5 posts by Tony Sagami
- World Bank Calls China: A “Ray of Hope” - April 14th, 2009
- Even Walt Disney Couldn’t Have Imagined This … - April 9th, 2009
- Following the Warren Buffett of China - February 17th, 2009
- Gaming stocks down on their luck - January 20th, 2009
- Japan: worst stock market drop in history - December 31st, 2008
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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