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
One of the biggest Finnish introducing broker companies Finnprinters, connecting customers and printing houses, has started joint business projects with Lithuania’s 2 printing houses.
more »
Statistics Lithuania informs that, based on the Labour Force Survey (LFS) data, the unemployment rate in I quarter 2009 reached 11.9 per cent, i.e. was close to the level of the year 2004. Over a quarter, the unemployment rate grew 1.5 times, over a year – 2.4 times.
more »
Lithuania’s Acting Minister of Foreign Affairs Vygaudas Ušackas discussed ways of accelerating the implementation of Rail Baltica in the current economic environment and attracting foreign investments for the implementation of this project.
more »
Proposals for transparency and monitoring to keep gas flowing to the EU.
more »
On a day in which G8 leaders in Italy said the world economy still faces "significant risks," a top White House official said the Obama administration is not discussing a second stimulus plan.
more »
EU proposes microfinance facility to encourage the unemployed to start their own businesses.
more »
For those of you who like your fruit and vegetables to look as crooked, knobbly and curvy as possible 1 July was a good day.
more »
Walt Disney will invest almost half a billion U.S. dollars into its Hong Kong Disneyland, to bolster the park's prospects against a planned rival in Shanghai.
more »
On 26 June 2009 Securities Commission (SC) approved the merge of investment funds controlled by UAB SNORAS Asset Management with SNORAS Global Equity Funds of Funds (SGEFF) by joining JT Baltic Equity Fund I.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers.
more »