Cameco Hunting for Projects Despite Weak Pricing EIn a bold show of optimism about the future of the uranium market, Cameco (TSX:CCO,NYSE:CCJ) isscouring the globe for opportunities following its $430 million bid for BHP Billiton's (NYSE:BHP,ASX:BHP,LSE:BLT) Yeelirrie project in Australia. Cameco's stance, at a time when big names like BHP and France's AREVA (EPA:AREVA) are downsizing their uranium holdings, is being held up by analysts as a beacon of hope for the flagging uranium sector. Already the world's third-largest uranium producer, Cameco wants to nearly double its production to 40 million pounds a year by 2018 in anticipation of rising demand.
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