Full Description
Cameco Corporation (CCO.TO) (Toronto Stock Exchange)
Cameco Corporation (Cameco) is a Canada-based company. The Company, along with its subsidiaries, is engaged in the exploration, development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates in four segments: uranium, fuel services, electricity and gold. In August 2008, Cameco completed the acquisition of a 70% interest in the Kintyre uranium exploration project in Western Australia. A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto. During the year ended December 31, 2008, the Company acquired 24% interest in Global Laser Enrichment (GLE) based in North Carolina. GLE is focused on developing an uranium enrichment process using laser technology.
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