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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 fredviewon Jul 09, 2015 5:02pm
143 Views
Post# 23909105

Cameco

CamecoFew days back I asked if the fires could impact operations.

Sask. uranium giant Cameco suspends shipments because of fires

CEO Tim Gitzel says one in 10 people displaced works for Cameco

8:46 AM CTCBC News

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Cameco is suspending uranium shipments from its northern mines because of raging wildfires.

"So we're not moving product right now, not while there's a fire situation," Cameco CEO Tim Gitzel said in an interview on Saskatoon Morning.

Stockpiling uranium is just one of the things the company is dealing with these days.

"We're not moving product right now, not while there's a fire situation.- Tim Gitzel, Cameco CEO

It's trying to keep track of its 1,500 employees, many whose families are getting evacuated to points south. It's lending out equipment such as generators and bulldozers to surrounding communities.

And, in one instance, it turned a mine site into an evacuation centre.

People leaving Pinehouse couldn't head south because the highway closed. So, they drove north to the Key Lake.

"We housed them at the mine site in camps, we looked after them. We're happy to do that, help where we can," he said.

Gitzel said that tracking employees is a daily challenge. It's had to change its pick-up points for fly in workers because airports are closed at La Ronge and Beauval.


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