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0.000871839581517034 0.000871839581517034 -0.00203429235687294 0.00232490555071195 0.00164680809842102 0.000871839581517034 0.00145306596919506 0.00629661919984506
Stock impact report

Cameco announces surprise suspension of its Kazakhstan mine [Yahoo! Finance Canada]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
“We are disappointed and surprised by this unexpected suspension and we will be seeking further clarification on how this transpired,” Cameco said in a press release on Thursday. The Saskatoon-based company owns 40 per cent of the mine through Inkai LLP; Kazatomprom JSC, the national atomic company of Kazakhstan, owns the other 60 per cent. Cameco attributed the closure to “the delayed submission” of certain documents to Kazakhstan's ministry of energy. It said Inkai did not receive an extension, so Kazatomprom on Dec. 30 directed the joint venture to plan to shut down the mine in January in order to not violate Kazakhstan legislation. Cameco said it had not received any reports as of Dec. 26 that mentioned the suspension of production as a possible risk. A Cameco spokesperson said no one was available from the company to make any additional comments. Mohamed Sidibé, an analyst who covers Cameco at National Bank Financial, said the impact of the closure would depend on when Show less Read more
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