World’s leading uranium producer Cameco set to double production

The Denki Shimbun reports Cameco Corp., world’s leading uranium producer is set to double production.

In addition to a plan to start operation of the Cigar Lake uranium mine in Saskatchewan, Canada in mid-2013, the company aims to expand the production capacity of mines in the United States and Kazakhstan in which it owns interests. Cameco will also consider purchasing interests in other new mines.

Tim Gitzel, new President of Cameco states:

“Nuclear energy will generate a great demand for uranium in the future. We will prepare ourselves to ensure a sufficient supply to meet the demand.” He described the Cigar Lake mine development project, in which the company holds a 50% stake, as “the most important project in our production expansion plans.”

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