Cameco Announces Intention to Acquire Hathor Exploration

- Cameco Announces Intention to Acquire Hathor Exploration



Aug 26, 2011

Cameco (NYSE:CCJ) announced that it intends to make an offer to acquire all of the outstanding shares of Hathor Exploration for cash consideration of $3.75 per share in a transaction which values the fully diluted share capital of Hathor at approximately $520 million.

Cameco delivered a written proposal to Hathor following a close of market on Friday, August 19 outlining its interest in acquiring the company for cash in a transaction vaulued ay 3.75 per share.

Cameco made today's announcement after discussions with Hathor regarding a potential board-supported transaction failed to result in an agreement.

Cameco (NYSE:CCJ) has a potential upside of 65.4% based on a current price of $22.3 and an average consensus analyst price target of $36.88.

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Rolling Strikes to Begin At BHP Billiton Mine Tonight

- Rolling Strikes to Begin At BHP Billiton Mine Tonight



Jun 24, 2011

Rolling strikes will begin hitting BHP Billiton Ltd (NYSE:BHP) late Friday, beginning in its Blackwater coking coal mine in northeastern Australia, which it co-owns with Mitsubishi Corp.

The strikes are then planned move on to six other mines over the weekend and into next week, a union official said.

The strikes are being conducted by the Construction, Forestry, Mining and Energy Union, which is one of three unions representing more than 3,000 workers involved in contract talks with the BHP-Mitsubishi Alliance.

Earlier this month a series of six-hour strikers was conducted by workers at six mines in Queensland. The workers are demanding equal pay for contract workers and employees and a say by union reps in recruitment, among other things.

BHP Billiton has a potential upside of 22.5% based on a current price of $88.38 and an average consensus analyst price target of $108.3.

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