Cameco says – uranium prices ‘not even close to the levels needed’ to re-open mines

Cameco has cut half its Sask. workforce since Fukushima meltdown, 
CEO says uranium prices ‘not even close to the levels needed’ to reopen northern mines Jennifer Quesnel · CBC News · Feb 27, 2019
Eight years ago, Cameco employed more than 2,100 people in Saskatchewan.
Then, on March 11, 2011, an earthquake measuring 9.0 on the Richter scale hit Japan, triggering a tsunami and causing catastrophic nuclear meltdowns at its Fukushima Daiichi power plants.
The earthquake and tsunami together resulted in almost 16,000 deaths, injured 6,000 people, and left 2,500 more missing. More than 470,000 people were ordered to leave their homes. The Fukushima disaster soured the world’s appetite for nuclear energy and sent uranium prices plummeting. This led the world’s biggest uranium company to close northern Saskatchewan mines at Rabbit Lake, McArthur River and Key Lake.In the years since, it has also left 810 workers from those mines and 219 Cameco head office employees in Saskatoon jobless.
This summer, 86 Cameco employees in Beauval lost their jobs, along with additional contract workers who used to provide security or catering services at northern mines………Beauval’s mayor, Nick Daigneault called the cuts “a wake-up call” for northwestern communities.
He said leaders must now find ways to promote tourism and other employment less reliant on commodity booms and less vulnerable to swings……https://www.cbc.ca/news/canada/saskatoon/cameco-cut-half-workforce-after-fuk
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February 28, 2019 - Posted by Christina Macpherson | General News
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