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Cameco Corporation Expands its Uranium Exploration and Production Operations
GlobalData, July 2010, Pages: 5
Cameco Corporation Expands its Uranium Exploration and Production Operations
Summary
Cameco Corporation is one of the leading uranium producers in the world. Its portfolio comprises of exploration, mining and fuel services and it is also involved in electricity generation. The company currently supplies uranium to 13 countries through its production from five operating mines. The company also generates electricity through its partnership with Bruce Power Limited Partnership (BPLP). In the exploration segment, it has 66 active projects and 18 are in the planning stages. Cameco is aiming for the expansion of its exploration assets and also increasing its uranium production. The company is planning an investment estimated at $95m in 2010 and also expects to conduct explorations projects at Inkai block 3 in Kazakhstan and Kintyre. The company is aiming to double its uranium production by 2018 to capture the opportunities emerging from Asia Pacific uranium requirements. The company is planning to tap the Chinese and Indian uranium markets with planned new builds in these countries. In June 2010, the company entered into an agreement with China Nuclear Energy Industry Corporation (CNEIC) and announced its long term relationship with China Guangdong Nuclear Power Holding Co., Ltd (CGNPC). Looking at the Indian nuclear power market, Cameco is planning to set up a domestic sales office to satisfy the uranium requirements of the country with the signing of the Indo-Canadian nuclear deal.
Scope
- The report discusses the expansion plans of Cameco Corporation in uranium exploration and production
- The viewpoint highlights the investment plans of Cameco in expanding its uranium business
- The viewpoint analyzes Cameco’s geographies of interest in tapping the market potential for uranium
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:
- Gain understanding of Cameco expansion plans in the uranium business.
- Facilitate decision making by Cameco’s key activities for expanding its uranium production
- Understand Cameco’s strategies in tapping the growing demand for uranium globally
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