Cameco nowhere near restarting idled capacity
While progress is being made on issues creating uncertainty for the global uranium market, Canadian miner Cameco is still “a long way” from restarting its idled McArthur River/Key Lake mine – the world’s largest high-grade uranium operation.
Cameco president and CEO Tim Gitzel said on Thursday that US President Donald Trump’s recent decision not to impose new trade restrictions on imports of foreign uranium into the US under Section 232 of the Trade Expansion Act had been a welcome move, helping to provide more certainty in the global market.