i-Nuclear Update: cameco cancels U contract, says near-term market uncertain, long-term positive

i-NUCLEAR

Cameco cancels U contract, says near-term market uncertain, long-term positive by I-Nuclear Canadian uranium miner Cameco has cancelled a US$30 million uranium contract “following the March 2011 events,” the company said May 1 in a veiled reference to the Fukushima nuclear accident. Cameco President and CEO Tim S. Gitzel declined during a May 1 conference call with analysts to identify the counterparty in the cancelled contract, leaving the market to speculate whether it was Japanese, German or other.