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Could Cameco team up with Rio to jointly buy Hathor?

By: Matthew Hill 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 possibility that the two companies – giants in... 

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

By: Matthew Hill 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 alternative to our premium offer confirms that Cameco... 

Cameco plans to process Cigar Lake ore at Areva mill

By: Matthew Hill Number-one uranium producer Cameco late on Wednesday said had reached an early agreement to process the ore it plans to mine at the Cigar Lake operation in Saskatchewan at the nearby McLean Lake mill, which France’s Areva owns. Doing so would shave around $5/lb off Cigar Lake’s operating costs,... 

This Halloween, trick or treat for Hathor boss Mike Gunning?

By: Matthew Hill Halloween’s got a big red circle around it in Hathor Exploration CEO Mike Gunning’s diary this year. It’s the day after the expiry of Cameco’s unfriendly C$520-million offer for his company, which has already received a frosty reception from the target. “Somehow, that’s appropriate for me,” he... 

Cameco makes hostile bid for Hathor official

By: Reuters Cameco Corp commenced its C$520 million ($531 million) hostile bid for Hathor Exploration on Tuesday, as Canada's top uranium producer looks to expand its output in the Athabasca basin. Cameco said on Friday that it was planning the hostile bid after talks aimed at a friendly deal failed. 

Cameco's $520m Hathor bid could spur uranium takeover frenzy - analysts

By: Matthew Hill Uranium giant Cameco’s C$520-million hostile offer for Canada’s Hathor Exploration, which owns a high-grade deposit in Saskatchewan, could spark a new wave of merger and acquisition activity in the sector, analysts said on Friday. In fact, France’s Areva might kick into action its own counterbid... 


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