Activists Pressure BHP On Uranium

A group of activist shareholders plan to pressure BHP Billiton to stop uranium production.

The group of shareholders is asking BHP to take a "moral stand" against the uranium trade.

The group, BHP Billiton Shareholders for Social Responsibilities, has received 60 signatures to support their measure. 100 signatures are needed to get the issue on the agenda of BHP's annual meeting next month.

"BHP Billiton's outstanding commercial success and market pre-eminence carries an equally large moral obligation to provide leadership on issues of uranium production and nuclear proliferation," the group's spokesman John Poppins told The Guardian newspaper.

"Claims that uranium is `carbon free' completely ignore the substantial carbon costs of its mining, processing, power station construction, protection and disposal."

You are invited to visit The New Uranium Thread on the ADVFN message boards.