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
The European Commission has approved, under EC Treaty state aid rules, an amendment to a Lithuanian scheme allowing aid to be granted of up to €500 000 per company, initially approved on 8 June 2009.
more »
As agreed by the President of the European Commission and the President of the Russian Federation during the last EU-Russia Summit in Khabarovsk, the EU and Russia have strengthened the current dispositions under the EU-Russia Energy Dialogue to prevent and manage potential energy crises, with an enhanced Early Warning Mechanism.
more »
The European Union has today presented to the World Trade Organization the trade facilitation projects it has financed between 2006 and 2008.
more »
The European Commission has authorised, under the EC Treaty’s rules on state aid, a planned state guarantee by Romania to enable Ford Romania SA to access a loan from the European Investment Bank (EIB).
more »
The economic crisis has left many countries with budget deficits well over the 3% limit. The commission is proposing deadlines for reducing the gaps.
more »
Statistics Lithuania informs that in October 2009, against September, prices for consumer goods and services went down by 0.4 per cent.
more »
Lithuania’s Vice-Minister of Foreign Affairs Šarūnas Adomavičius took part in bilateral political consultations with representatives from foreign affairs, commerce and transport ministries of the People’s Republic of China.
more »
Under the budgetary surveillance powers conferred by the EU Treaty, the European Commission today proposed to the Council to set 2013 as the deadline for the correction of the budget deficits in Austria, the Czech Republic, Germany, Slovakia, Slovenia, the Netherlands and Portugal.
more »
A joint partnership between the World Bank, the Moldovan Ministry of Agriculture and Food Industry and the Ministry of Environment was launched in Moldova’s capital in the late days of October.
more »
World Bank Group President Robert B. Zoellick today joins senior officials from the Government of Singapore to launch a new global urban strategy that will guide Bank advisory services and financing in the sector over the next decade.
more »