| Cameco Port Hope Conversion Facility Workers Accept New Collective Agreement | |
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Saskatoon, Saskatchewan, Canada, July 8, 2016
Cameco (TSX: CCO; NYSE: CCJ) announced today that unionized employees at Cameco's Port Hope conversion facility have voted to accept a new collective agreement.
Approximately 230 employees, represented by United Steelworkers locals 13173 and 8562, have agreed to a three-year contract that includes a seven per cent wage increase over the term of the agreement. The previous contract expired on June 30, 2016.
Cameco's Port Hope plant is the only uranium conversion facility in Canada producing uranium hexafluoride (UF) and the only commercial supplier of natural uranium dioxide (UO) conversion services needed to produce fuel for Candu nuclear reactors. Total workforce at the Port Hope conversion facility, including managers and salaried employees, is approximately 385.
Profile
Cameco is one of the world's largest uranium producers, a significant supplier of conversion services and one of two Candu fuel manufacturers in Canada. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations. Our uranium products are used to generate clean electricity in nuclear power plants around the world. We also explore for uranium in the Americas, Australia and Asia. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.
Investor inquiries:
Rachelle Girard
306-956-6403
Media inquiries:
Rob Gereghty
306-956-6190
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Cameco Corporation
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PRODUCER |
CODE : CCO.TO |
ISIN : CA13321L1085 |
CUSIP : 13321L108 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cameco is a uranium producing company based in Canada. Cameco produces uranium, cobalt, copper, nickel and zinc in Canada, in Finland and in Kazakhstan, develops uranium in Australia and in Canada, and holds various exploration projects in Canada. Its main assets in production are RABBIT LAKE, KEY LAKE, SMITH RANCH, CROW BUTTE, MCARTHUR RIVER (SASKATCHEWAN), MC ARTHUR RIVER and MCARTHUR RIVER MINE in Canada, INKAI and HIGHLAND in Kazakhstan and TALVIVAARA in Finland, its main assets in development are CIGAR LAKE and MILLENNIUM in Canada and KINTYRE in Australia and its main exploration properties are EAGLE POINT, DAWN LAKE, SMART LAKE, BOOMERANG and DAWSON in Canada. Cameco is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 26.4 billions as of today (US$ 21.1 billions, € 18.5 billions). Its stock quote reached its lowest recent point on December 26, 2003 at CA$ 10.02, and its highest recent level on April 17, 2024 at CA$ 66.67. Cameco has 395 792 522 shares outstanding. |