| Cameco restricts underground mining at Rabbit Lake after rock fall | |
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TORONTO, Dec 17 (Reuters) - Cameco Corp said on Thursday it has restricted underground mining and removed staff from its Rabbit Lake operation in Saskatchewan after a rock fall in an inactive area of Eagle Point mine that was reopened. Production mining at Eagle Point has been suspended while an assessment is completed, but the Rabbit Lake mill continued operating as usual. Rabbit Lake is expected to meet a 2015 production target of 3.9 million pounds of uranium concentrate by processing ore previously mined, said Cameco, the world's second-largest uranium producer. There were no injuries and no impact on the environment, the company said. About 600 Cameco employees and contractors work at the Rabbit Lake operation. (Reporting by Susan Taylor; Editing by Meredith Mazzilli)
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VanEck Vectors Global Alternative Energy ETF
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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 2.6 billions as of today (US$ 1.9 billions, € 1.7 billions). Its stock quote reached its lowest recent point on December 26, 2003 at 10.02, and its highest recent level on September 18, 2024 at 54.63. Cameco has 47 442 200 shares outstanding. |