Could Cameco suspension kick-start the uranium sector?

Cameco Corp. [CCO-TSX; CCJ-NYSE] is temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan. It said the move is a safety precaution that stems from the threat posed by the Coronavirus [COVID-19] pandemic. Cameco is one of the world’s leading uranium producers. Cigar Lake is the globe’s largest operating uranium mine and …

T.CCO Suspending Production at Cigar Lake Mine

Cameco (TSX: CCO; NYSE: CCJ) announced today that it is temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan and placing the facility in safe care and maintenance mode due to the threat posed by the Coronavirus (COVID-19) pandemic. There are no confirmed cases of COVID-19 among Cameco’s workforce at the present …

ROSATOM develops cooperation with the Republic of Bangladesh

Alexey Likhachev, Director General of ROSATOM met with Prime Minister Sheikh Hasina Wazed in the People’s Republic of Bangladesh. During the meeting, the Parties discussed issues of bilateral cooperation while development and use of nuclear energy for peaceful purposes. The delegation visited Rooppur NPP, the site for construction of the first Nuclear Power Plant in …

Construction advanced in order of Changjiang nuclear projects

Construction of the second phase of the Changjiang nuclear power plant and of a small reactor demonstration project resumed on Feb 22 and Feb 28 respectively, following on-site inspection and assessment by local government, according to reports from the China National Nuclear Corporation, or CNNC. Located in Changjiang county in South China’s Hainan province, the nuclear power plant is jointly being built …

Kazatomprom may draw down uranium inventory if coronavirus cuts output

Kazatomprom, the world’s largest uranium producer, said Monday it could rely on inventories to meet future physical deliveries in the event U3O8 production is reduced or suspended at operations in Kazakhstan due to the coronavirus outbreak. “In the event that mine production or the ability to physically deliver material is impacted, Kazatomprom’s production decisions and …

Uranium firms adjust to COVID-19 impact

Kazatomprom’s uranium inventory will enable it to meet its commitments should mine production or the ability to physically deliver material be impacted by the COVID-19 outbreak, the company said yesterday. Meanwhile, GoviEx Uranium Inc has cancelled the second tranche of a non-brokered private placement offering, while NxGold Ltd and Mega Uranium Ltd have mutually agreed …

Statement on COVID-19 from Bruce Power

The Bruce Power site continues to generate one-third of Ontario’s electricity and we are committed to maintaining this important reliability moving forward to ensure the province can count on a stable supply of electricity. We will deliver this while protecting our people and following guidance from the province to do our part in proactive efforts …