Jim Paterson, CEO and director of Kivillaq Energy, discusses the significant progress and successes at the company’s Angilak uranium exploration property in Nunavut Territory, Canada.
Articles Tagged "Cameco Corp."
Australia, the third-largest uranium producer in the world, is home to nearly one-third of the world’s known uranium resources.
Bloomberg reported that Toro Energy Ltd, which is planning to develop the Wiluna uranium mine for US$279million Australia, is in talks with potential partners from China, South Korea, and Japan.
Reuters reported that Cameco Corp has started its uranium concentrate shipment to China. In 2010, the company signed a deal to supply China Nuclear Energy Industry Corp with 23 million pounds of uranium concentrate by 2020.
Uranium spot prices may be stuck in a slump post-Fukushima, but the nuclear power industry is showing signs of recovery.
The Globe and Mail reported that Cameco Corp. will start mining in its Cigar Lake Uranium project by mid-2013. Cigar Lake is the second biggest high grade uranium deposit in the world and was discovered over 30 years ago.
Uranium Equities Ltd. (ASX:UEQ) announced that, as per results from an independent pre-feasibility study-level engineering study, its PhosEnergy Process is a viable and low-cost way to extract uranium as a by-product of phosphate fertilizer production. Cameco Corp. (TSX:CCO,NYSE:CCJ), which, along with Uranium Equities, commissioned the study, has now committed a further $4 million to the project.
Major companies like AREVA and Cameco understand how important it is to mitigate risks such as fighting in Mali and Nigerian resource nationalism by geographically diversifying their assets.
Bloomberg reported that Cameco Corp., said Japan is making efforts to step up uranium imports and believes the government intends to allow unused reactors to restart.
Financial Post reported that Uranium business continues to struggle since the Fukushima nuclear facility crisis in March 2011. The spot price of Uranium has taken a dip to nearly US$40 per pound, from its US$135 per pound price in 2007.