BHP Billiton CEO Marius Kloppers said nuclear energywould play a “bigger role” in China in the future andthat BHP is “gearing up” to meet China’s uraniumdemand.
“That will take a couple of years, but clearly we are positioning the company to, from our side, participate in thatover 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 inthat 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 onBHP’s profitability. If you want a pure uranium play, look at Cameco (NYSE:CCJ).
