Cameco considering acquisitions, Asian joint ventures

email Email  Print Print  
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.

For full details of this story, click this link.

Follow developments in uranium mining and exploration for free.

Sign on to the Uranium Investing Newsletter

 

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Uranium Investing News' Comment Policy?
Uranium Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Uranium Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Asides

  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

Information