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November 5, 2012
13:32 EDTCCJ, UECLarge uranium deposit discovered in China, Xinhua reports
One of the world's largest uranium deposits has been discovered in China's northern regions, Xinhuanet reported yesterday, citing the country's Ministry of Land and Resources. The mine "has great significance for boosting domestic uranium supplies and ensuring energy sources for developing nuclear power, " the news service added. Reference Link
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August 27, 2014
09:14 EDTCCJCameco reports strike notice prompts shutdown of McArthur River, Key Lake
Cameco announced that, in response to receiving strike notice from the United Steelworkers Local 8914, the company initiated a shutdown of its McArthur River mine and Key Lake mill operations and will cease production at those sites. The union has advised Cameco of its intention to commence strike action, effective 12:01 a.m. on August 30. In response to the strike notice, Cameco issued a lockout notice effective 12:01 a.m. on August 30 to assure a safe and orderly shutdown of its facilities. Cameco is continuing to meet with the union during the 72-hour notice period. The work stoppage involves approximately 535 unionized employees at the two operations. Contract negotiations began in November 2013. The previous four-year contract expired December 31, 2013. In July, the company and union jointly applied for conciliation under the Canada Labour Code. A labour disruption is not expected to affect the company's 2014 uranium delivery commitments to customers. Cameco may draw on a variety of supply sources including primary production, and existing purchase commitments and inventories.
August 21, 2014
10:14 EDTCCJOn The Fly: Analyst Downgrade Summary
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08:02 EDTCCJCameco downgraded at Cowen
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06:17 EDTCCJCameco downgraded to Market Perform from Outperform at Cowen
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