UPDATE 1-France's Areva to cut Niger uranium production on price drop [Reuters]
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Source: Reuters
UPDATE 1-France's Areva to cut Niger uranium production on price drop | Reuters Reuters Staff 3 Min Read * Most uranium prices unprofitable at current low prices * Areva says output and job cuts matter of survival (Adds Areva comment) NIAMEY/PARIS, Oct 11 (Reuters) - French uranium mining and nuclear fuel group Areva NewCo will slash output and reduce staffing levels at its Niger mines in response to low uranium prices, the company and its unions said. A spokeswoman for Areva’s open-pit Somair mine close to Arlit said the mine will reduce its annual production of uranium concentrate to 1,700 tonnes in 2018 from 2,100 tonnes this year. “Market conditions are very difficult ... Somair has to adapt its industrial organization and its workforce accordingly. It is a question of survival,” she said. An official for the Niger-based Synamimes union told Reuters that Somair’s managing director had told staff that 190 jobs would be eliminated there and a freeze would be placed on contracts for
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News
- Cameco (CCJ) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Nuclear goes nuclear: A golden age for uranium is dawning — perhaps [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Encouraging Results Reported by Fathom at Albert Lake Nickel/PGE Project [Yahoo! Finance]Yahoo! Finance
- Wednesday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Cameco (CCJ) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
CCJ
Earnings
- 2/8/24 - In-Line
CCJ
Sec Filings
- 4/9/24 - Form 6-K
- 4/5/24 - Form 6-K
- 4/5/24 - Form 6-K
- CCJ's page on the SEC website