cco issue ... thoughts? | BRIEF-Cameco rejects Tepco's uranium contract termination notice | | 2017-02-01 07:20:00 AM ET (Reuters) | | | |
| | | | Feb 1 (Reuters) - Cameco Corp : * Cameco rejects Tepco's uranium contract termination notice * Cameco Corp- on January 31, 2017, Tepco confirmed it would not accept a uranium delivery scheduled for February 1, 2017 * Cameco Corp - Tokyo electric power company holdings issued a termination notice for a uranium supply contract with co that "we do not accept" * Cameco Corp- Cameco inc sees no basis for terminating contract, considers Tepco to be in default, and will pursue all its legal rights and remedies * Cameco Corp- in 2017, Cameco's consolidated revenue, including Tepco volume, is expected to range between $2.1 billion to $2.2 billion * Cameco Corp - will be moving expeditiously to enforce its rights under uranium supply contract to recover losses arising from Tepco's action * Cameco - termination would affect approximately 9.3 million pounds of uranium deliveries through 2028, worth approximately $1.3 billion in revenue to cameco * Says Cameco has sufficient financial capacity to manage any loss of revenue in 2017 as a result of dispute * Cameco Corp - Tokyo electric power company holdings issued a termination notice for a uranium supply contract with co that "we do not accept" Source text for Eikon: Further company coverage: | |
BRIEF-Cameco rejects Tepco's uranium contract termination notice
2017-02-01 07:20:00 AM ET (Reuters)
Feb 1 (Reuters) - Cameco Corp :
* Cameco rejects Tepco's uranium contract termination notice
* Cameco Corp- on January 31, 2017, Tepco confirmed it would not accept a uranium delivery scheduled for February 1, 2017
* Cameco Corp - Tokyo electric power company holdings issued a termination notice for a uranium supply contract with co that "we do not accept"
* Cameco Corp- Cameco inc sees no basis for terminating contract, considers Tepco to be in default, and will pursue all its legal rights and remedies
* Cameco Corp- in 2017, Cameco's consolidated revenue, including Tepco volume, is expected to range between $2.1 billion to $2.2 billion
* Cameco Corp - will be moving expeditiously to enforce its rights under uranium supply contract to recover losses arising from Tepco's action
* Cameco - termination would affect approximately 9.3 million pounds of uranium deliveries through 2028, worth approximately $1.3 billion in revenue to cameco
* Says Cameco has sufficient financial capacity to manage any loss of revenue in 2017 as a result of dispute
* Cameco Corp - Tokyo electric power company holdings issued a termination notice for a uranium supply contract with co that "we do not accept" Source text for Eikon: Further company coverage: