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
Between 2000 and 2008 EU27 trade in goods with China more than tripled in value, with EU27 exports to China rising to 78 billion euro in 2008 compared with 26 bn in 2000, and imports rising to 248 bn from 75 bn.
more »
The first estimate for the euro area (EA16) trade balance with the rest of the world in March 2009 gave a 0.4 bn euro surplus, compared with -2.3 bn in March 2008.
more »
On May 18 this year, AB Bank SNORAS begins to distribute two emissions of one-year fixed interest bonds.
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 »
The 25-year Sri Lankan civil war looks to be in its final throes.
more »
The sheer scale and nature of taxpayers' cash claimed as allowances by Britain's lawmakers has stunned the nation.
more »
The European Commission has decided to send a formal request to Lithuania regarding the award of a works contract by Lithuania Railways for the modernisation of the railway radio communication system through the introduction of a GSM-R system.
more »
The speed and depth of the financial crisis has been brutal and over the last year MEPs have been hard at work on a two-fold approach to the crisis.
more »
The Group commits to reducing its CO2 emissions by 30% by 2020 supporting the “20-20-20” goal set by the EU.
more »
This weekend, in the second round of Le Mans Series championship on SPA track, in Belgium, SNORAS Spyker Squadron team that participated there took the fifth high position.
more »