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Labor dispute shuts Cameco’s uranium mine in Saskatchewan

Cameco to shut world’s largest uranium mine in labor dispute Wed Aug 27, 2014  By Rod Nickel (Reuters) – Canadian uranium miner Cameco Corp will shut the world’s biggest uranium mine at McArthur River, Saskatchewan on Saturday, barring a last-minute labor settlement, after the United Steelworkers union said workers would go on strike……

Cameco shares fell 2.8 percent in Toronto and 2.2 percent in New York in morning trading.

Uranium spot prices are near a nine-year low, as Japan, previously a major producer of nuclear-fueled electricity, has been slow to approve reactor re-starts after an earthquake and tsunami destroyed the Fukushima Daiichi nuclear power station in 2011……http://www.reuters.com/article/2014/08/27/cameco-strike-idUSL1N0QX0VF20140827

August 29, 2014 - Posted by | general

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