Cameco deal to supply China uranium

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susan

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Cameco deal to supply China uranium

posted on Nov 24, 2010 07:45AM

It does look like uranium is heating up....see today's story below:

TEL AVIV (MarketWatch) -- Cameco Corp. /quotes/comstock/13*!ccj/quotes/nls/ccj (CCJ 35.19, -0.20, -0.57%) /quotes/comstock/11t!e:cco (CA:CCO 36.00, 0.00, 0.00%) , the Saskatoon, Saskatchewan, uranium producer, agreed to supply 29 million pounds of uranium concentrate through 2025 to China Guangdong Nuclear Power Holding Co. Terms weren't disclosed. China Guangdong operates three nuclear-power plants, has 14 under construction, and is starting preliminary work on nine more, Cameco said in a late-Tuesday statement. The deal is subject to clearance by the Chinese government, Cameco said.

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