Cameco considering acquisitions, Asian joint ventures

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Mon, Nov 16, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

Bloomberg.com reports double annual uranium output from its existing operations by 2018.

Cameco, the world’s second-largest producer of the raw material in nuclear-reactor fuel, isn’t dependent on selling its 49 percent stake in Centerra Gold Inc. before making an acquisition, even with high valuations posing an obstacle to deals right now, Grandey said. Cameco last year paid $346.5 million for 70 percent of the Kintyre uranium development in Australia, which Grandey said will help achieve the 2018 target.

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