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Stock Market & Financial Investment News

News Breaks
March 31, 2014
05:35 EDTCCJCameco ends toll-conversion agreement with Springfields Fuels
Cameco announced that it will end its toll-conversion agreement with Springfields Fuels, or SFL, effective December 31. In 2005, Cameco signed a 10-year toll-conversion agreement to process up to 5 million kilograms of uranium annually at the Springfields conversion facility in Lancashire, United Kingdom. The Springfields facility receives uranium trioxide, or UO3, from Cameco's Blind River uranium refinery and converts it to uranium hexafluoride, or UF6, which is required to produce fuel for light water reactors. Cameco delivers the UF6 to its own customers around the world. The toll-conversion agreement was set to expire in 2016. Cameco has agreed to pay $18M to SFL to permit early termination of the agreement. Production for Cameco at the Springfields facility will cease by August 31. Cameco expects to receive a maximum of 3,731 tonnes of uranium as UF6 from Springfields in 2014.
News For CCJ From The Last 14 Days
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October 9, 2014
08:14 EDTCCJCameco reports first uranium concentrate from Cigar Lake ore
Cameco (CCJ) announced last night that the McClean Lake mill has started producing uranium concentrate from ore mined at the Cigar Lake operation in northern Saskatchewan. The Cigar Lake mine is 50.025% owned by Cameco, while AREVA Resources Canada has a 37.1% stake, Idemitsu Canada Resources has a 7.875% stake and TEPCO Resources a 5.0% stake. The mine is operated by Cameco. The McClean Lake mill is owned by AREVA Resources Canada, with 70%, Denison Mines (DNN), with 22.5%, and OURD Canada, with 7.5%, and is operated by AREVA.

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