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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.


TSX:CCO - Post by User

Bullboard Posts
Post by purseon Apr 21, 2015 10:57pm
223 Views
Post# 23651146

Japan court approves restart of reactors in boost for Abe's

Japan court approves restart of reactors in boost for Abe's
(Reuters) - A Japanese court has approved the restart of Kyushu Electric Power's (9508.T) Sendai nuclear power station, plaintiffs said on Wednesday, rejecting a legal bid to halt the process by residents worried about the safety of the plant. The decision by the Kagoshima District Court clears another hurdle for the plant to begin starting up as early as June as the government pushes to restart Japan's idled nuclear industry four years after the Fukushima disaster. It also suggests another court ruling last week to prevent the operation of two reactors west of Tokyo may have been an aberration for Japan's conservative judiciary, which anti-nuclear activists are petitioning to block restarts as a majority of the public remains opposed to atomic power. The Sendai reactors, on the coast of Kagoshima prefecture in southwestern Japan, are "very close" to getting final regulatory approval to being operations, an official from Japan's nuclear regulator told Reuters earlier this month. Four years after a quake and tsunami wrecked the Fukushima Daiichi plant north of Tokyo, leading to meltdowns and mass evacuations, the Sendai reactors have cleared most regulatory hurdles and could begin starting up as early as June. A court order preventing Kyushu Electric from operating Sendai would have risked tying up the industry in legal battles for months or years. A spokeswoman at Kyushu Electric contacted by phone said the company could not immediately comment. Kyushu Electric shares rose after the decision and were 2.5 percent higher at 0134 GMT. Local residents who submitted a request to prevent the restart of the Sendai reactors argued the utility and regulator has underestimated the risk of nearby volcanoes and operational plans lack credible evacuation measures. Kyushu Electric denies this and the Nuclear Regulation Authority says it sees no need to change its rules, after last week's ruling said the regulations "lack rationality." The decision is a boost for Prime Minister Shinzo Abe, who wants to reboot nuclear to help reduce high energy costs and reduce reliance on expensive fossil fuel imports.
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