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...

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...

Denison, partners will idle McClean Lake mill in July

Areva Resources Canada, Denison Mines and OURD Canada will put their McClean Lake uranium mill, in Saskatchewan, on care-and-maintenance in July 2010. The mill began operations in 1999, was recently expanded to handle ore from Cameco and Areva's...

Cameco Q4 profit slumps, but FY earnings still up 8%

The net earnings of Canada-based Cameco fell by almost 50% in the fourth-quarter, the world’s largest uranium miner reported late on Friday. Cameco reported fourth-quarter net earnings of C$31-million, compared with $61-million in the same...

Impending shortfall leads to rising African uranium production

An impending shortfall in the supply of uranium will become apparent in the next two years, within which time production of the mineral from African resources will rise to significant levels, predicts resource consultant and contractor MSA...

Cigar Lake uranium mine, Canada

The project will entail the construction of a uranium mine.

Cameco Q2 earnings decline on lower sales

Saskatoon-based Cameco Corporation's net earnings declined 27% year-on-year to C$150-million, from C$205-million a year earlier, the company reported on Thursday. After stripping out once-off items, Cameco posted adjusted net earnings of...

Cigar Lake uranium mine, Canada

The project will entail the construction of a uranium mine.

Subprime, price pull-back hitting uranium juniors harder, says researcher

The junior end of the uranium market has been “disproportionately hit” by the sub-prime credit crisis, exacerbated by a pull-back from the earlier than expected peak in the uranium price in June 2007, Australian-based equity research company...

Prospects bright for uranium development firms, says research house

There is ongoing interest in the junior segment of the uranium market, reports Resource Capital Research (RCR) director John Wilson in a report released in December.