Paladin Energy aims to crack uranium big league with Canadian takeover
Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project.
The world’s largest miner BHP Billiton (ASX: BHP) has sold its $1.7 billion stake in the $45 billion Browse liquefied natural gas project in Western Australia (WA) to PetroChina, the International Business Times reported Sunday.
The sale was finalized on Friday in Beijing.
The company in charge of operations, Woodside, will use a floating LNG technology to develop gas resources in WA’s Browse Basin.
The original plan to develop near Broome, WA, was met with strong opposition from environmentalists in the state’s northwest and was shelved two months ago when the company decided that commercial returns were unlikely.
