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Cameco to sell less uranium

Cameco lowers uranium sales projections STARPHOENIX BY CHRISTOPHER DONVILLE, POSTMEDIA NEWS AUGUST 2, 2013 Cameco Corp., the world’s third-largest uranium producer, will sell less of the nuclear fuel via its German trading unit than previously planned because of the decline in the price of the commodity.

Sales volumes will be 8 million to 10 million pounds, down from an earlier projection of 9 million to 11 million, the Canadian company said Thursday in a statement. It now sees the unit’s 2013 sales at $450 million to $550 million, from $500 million to $600 million previously……..Uranium spot prices have fallen 27 per cent in the past year amid delays in resuming electricity output from nuclear power plants in Japan following the March 2011 earthquake and tsunami.http://www.thestarphoenix.com/business/Cameco+lowers+uranium+sales+projections/8740104/story.html

August 3, 2013 - Posted by | business and costs, Canada, Uranium

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