Cameco buys Smith Ranch mine

3 July 2002

Through a subsidiary which already operates the adjacent Highland ISL mine, Cameco has agreed to buy the Smith Ranch ISL mine in Wyoming state from BHP Billiton subsidiary Rio Algom. The 900t/y mine has reserves of 12,000t U3O8. The deal includes other ISL properties‚ in the state. Cameco will assume $11 million decommissioning liabilities.

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