Cameco not shy over Kazakh risks

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Mon, Jun 29, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

Financial Post reports Cameco, the world’s biggest uranium producer, will press ahead with investments in Kazakhstan despite a probe into the uranium sector.

Cameco will continue its “very aggressive” exploration program in Kazakhstan and is still willing to invest further if current projects go well, Mr. Grandey said.

Kazakhstan sits on a fifth of global uranium reserves.

Kazakhstan is keen to develop its uranium reserves as the nuclear fuel becomes ever more important to countries that are turning to atomic energy to replace fossil fuels and reduce carbon emissions.

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