NEW YORK (Reuters) - Executives from the worlds of gold and uranium mining and steel manufacturing gathered at Reuters U.S. headquarters in New York on Monday for the first day of the Reuters Global Mining and Steel Summit.
Here are some of their comments.
JERRY GRANDEY, CEO OF CAMECO (CCO.TO: Quote, Profile, Research, Stock Buzz)
"There aren't many companies you can describe as a nuclear company, and five years ago there weren't many companies that would refer to themselves that way. Nuclear wasn't a very popular word."
"We're becoming increasingly convinced that a nuclear renaissance is underway. Our view is the accelerated growth for uranium and conversion will begin to appear six, seven, eight years from now."
TYE BURT, CEO OF KINROSS (K.TO: Quote, Profile, Research, Stock Buzz)
"The majors need to grow but it'll be very difficult to grow in the gold business ... so almost by definition you have to think of other ways to generate cash flow."
"We have to go to increasingly remote places with increasingly high costs and take an increasing amount of country risk. It's going to get even tougher and that's why I think there is some potential for significantly higher gold prices."
On rising gold prices: "It feels a little different this time. It feels like there's some stronger legs under the buy side." Continued...
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