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BHP Billiton subsidiary, Rio Algom Mining LLC (RAMC), today reached
agreement for the sale of its wholly owned Smith Ranch in-situ uranium
mine in Wyoming, USA, to Cameco Corporation of Canada. The sale completes
BHP Billiton`s exit from uranium production as part of its planned
divestment of non-core businesses.
The sale agreement is subject to final approval by various regulatory
agencies.
Smith Ranch, BHP Billiton`s only operating uranium asset, produces
natural uranium concentrates and sells its output to the power generation
industry. It was acquired by Billiton as part of its acquisition of Rio
Algom Ltd in 2000. In calendar year 2001, Smith Ranch produced 0.93
million pounds of uranium.
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Further information can be found on our Internet site:
http://www.bhpbilliton.com
Australia United Kingdom
Andrew Nairn, Investor Relations Mark Lidiard, Investor & Media
Tel: + 61 3 9609 3952 Relations
Mobile: +61 408 313 259 Tel: +44 20 7747 3956
email: email: Mark.Lidiard@bhpbilliton.com
Andrew.W.Nairn@bhpbilliton.com
Mandy Frostick, Media Relations
Tel: +61 3 9609 4157 Mobile:
+61 419 546 245
email:
Mandy.J.Frostick@bhpbilliton.com
United States South Africa
Francis McAllister, Investor Michael Campbell, Investor & Media
Relations Relations
Tel: +1 713 961 8625 Mobile: Tel: +27 11 376 3360
+1 713 480 3699 Mobile: +27 82 458 2587
email: email:
Francis.R.McAllister@bhpbilliton Michael.J.Campbell@bhpbilliton.com
.com
Date: 19/06/2002 11:15:00 AM Produced by the SENS Department
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