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No go for Cameco’s Saskatchewan uranium mine plan, as prices plummet

Poor markets put Saskatchewan uranium mine plan on hold Global News, By Staff The Canadian Press SASKATOON 18 May 14 – Cameco Corporation (TSX:CCO) has withdrawn its application to build and operate a new underground uranium mine in northern Saskatchewan.

The mining company says in a statement on its website that it has also asked the Canadian Nuclear Safety Commission to postpone a hearing scheduled next month into a licence application for the Millennium Mine project.

Cameco cites poor economic conditions in world uranium markets…..http://globalnews.ca/news/1338415/poor-markets-put-saskatchewan-uranium-mine-plan-on-hold/

May 19, 2014 - Posted by Christina Macpherson | business and costs, Canada, Uranium

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