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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.
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July 16, 2014
09:03 EDTCCJCameco provides update on Cigar Lake mine
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