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Cameco starts shutdown of McArthur River, Key Lake uranium operations

Aug. 27, 2014 11:39 AM ETCameco Corporation (CCJ) Stock, CCO:CA StockBy: Carl Surran, SA News Editor7 Comments
  • Cameco (NYSE:CCJ -2.3%) says it has started shutting down operations at its McArthur River uranium mine and Key Lake mill in Saskatchewan after the union representing workers at those operations issued a strike notice.
  • The United Steelworkers union advised CCJ of its intention to begin strike action on Aug. 30, and CCJ says it then issued a lockout notice to ensure a safe and orderly shutdown of its facilities.
  • CCJ does not expect any labor disruption to its 2014 uranium delivery commitments, but says it may draw on a variety of supply sources including primary production, and existing purchase commitments and inventories.

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