Cameco Corp. and the National Atomic Co. of Kazakhstan announced Thursday that they will develop a uranium deposit in Kazakhstan
Published:
3 April 2004 y., Saturday
The companies will develop the Inkai deposit through their Inkai Joint Venture, which is 60 per cent owned by Cameco, the
uranium-mining and energy company based in Saskatoon. The cost to build the mine will be $38 million US, and Cameco will lend the joint venture $40 million US, to be repaid through Inkai production.
Subject to regulatory approval, it is expected to achieve commercial production in 2007 and ramp up to 2.6 million pounds annually by 2009.
The mine will employ up to 200 workers during construction and 230 once full production is reached. About 97 per cent of the employees will be hired locally, Cameco said.
Cameco estimated there were 91.5 million pounds of proven and probable reserves that would provide an estimated mine life of more than 30 years.
Cameco bills itself as the world's largest uranium producer.
Its shares (TSX:CCO) traded up 65 cents at $65.88 in Thursday trading on the Toronto stock market.
Šaltinis:
stockhouse.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European cities may still be feeling the pinch of the global recession.
more »
The EBRD Board of Directors has approved a $50 million convertible loan to Petrolinvest to finance the completion of exploration works at the company’s main oilfields.
more »
The European Commission welcomes the adoption today at the United Nations in Geneva of the first international regulation on safety of both fully electric and hybrid cars.
more »
Bloomberg has today announced that Lithuania had the outlook on its credit rating raised by Fitch Ratings after the Government implemented an austerity program to curb the budget deficit.
more »
In January 2010, compared with December 2009, the highest increase in retail trade in the EU-27 Member States was observed in Lithuania.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday.
more »
Some 80% of Europeans continue to travel for their holidays according to a new Eurobarometer survey on ‘The attitudes of Europeans towards tourism 2010’.
more »
The EU's internal market will be under scrutiny Tuesday when a series of reports will be debated by MEPs in Strasbourg.
more »
EU Employment and Social Affairs Ministers today agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business.
more »
Over €7.6 million in financial aid for training and self-employment could be available to former workers in German and Lithuanian if MEPs back the measures Tuesday.
more »