Cigar Lake uranium mine, Canada

Cameco has constructed a second shaft to reach the main mine workings at the Cigar Lake uranium mine project.

As Gitzel folds in Hathor battle, Cameco continues to 'scour world' for targets

In backing down from a bidding war with Rio Tinto for Canadian uranium junior Hathor Exploration, Cameco CEO Tim Gitzel showed impressive restraint after he initially bid for the company having spent barely two months in the corner office. After...

Could Cameco team up with Rio to jointly buy Hathor?

Cameco CEO Tim Gitzel took a chance in trying to bag uranium junior Hathor for a song in August, only for Rio Tinto to spoil the party on Wednesday when it came in with an 11% higher C$578-million bid. The show, however, is not over yet, with the...

Cameco's Gitzel tells Hathor investors to tender amidst market uncertainty

Saskatoon-based Cameco Corp, which in August made a hostile C$520-million bid for junior Hathor Exploration, said on Friday no alternative bidders had emerged and shareholders in the target company should tender to it offer. “The lack of any...

Chinese still sweet on nuclear - Cameco CEO designate

The mood among Cameco’s Chinese customers remains positive regarding the country’s nuclear build programme, said president Tim Gitzel, who returned from a trip there this week. Speaking in an interview with Mining Weekly Online, he said...

Cameco could partner Chinese utilities on exploration, mining

Cameco could join forces with Chinese and other utilities on uranium exploration and mining ventures at some point, CEO Jerry Grandey said on Monday. The group signed two long-term supply contracts with Chinese groups last year, and Grandey said...

Denison announces initial resource for Wheeler River project

Toronto-based Denison Mines has completed an initial resource calculation for the Phoenix discovery at its Wheeler River project, in the Athabasca Basin, the firm reported on Tuesday. Indicated resources (from the Phoenix A zone) are estimated at...

Cameco eyes India supply deal next – CEO

After signing its first long-term uranium supply contract with a Chinese customer, China National Nuclear Corporation, in June, Canadian miner Cameco is hoping to ink a similar deal in India, CEO Jerry Grandey said on Friday. Canadian Prime...

Cameco still sees own assets as best route to growth

Canadian uranium giant Cameco still sees investment in its existing assets as the best way to fund growth, CFO Kim Goheen said on Wednesday. Cameco plans to double production to at least 40-million pounds a year of uranium by 2018, including...

Cigar Lake still a 'robust' project – Cameco CEO

Jerry Grandey, CEO of uranium giant Cameco, came out in defence on Tuesday of the company's delayed Cigar Lake project, in Canada's Saskatchewan province. The project has flooded twice since 2006 and Cameco has only this year dewatered the mine...

Cigar Lake uranium mine, Canada

Cigar Lake is the world's largest undeveloped high-grade uranium deposit, with proven and probable reserves of more than 226,3-million pounds of uranium.

Daily podcast – February 26, 2010

Continental Coal will start coal sales from its Vlakvarkfontein mine in the second quarter of this year; and Cameco Corp plans to start production at its large Cigar Lake project by mid-2013.