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Australian uranium hopefuls welcome Cameco production cuts

By:  
Creamer Media Senior Deputy Editor: Australasia
 
URANIUM
Australia’s uranium hopefuls have welcomed a decision from uranium major Cameco to shutter its McArthur River mining and Key Lake milling operations, in Canada. Cameco this week announced its plans to remove some 10% of the current global uranium supply, on the back of continued uranium price weakness. Operations at the McArthur River and Key Lake would be suspended for a period of ten months, starting in January 2018.
 
 
 
 
 

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