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Although Cameco reports it did not exceed any Canadian Nuclear Safety Commission (CNSC) action levels in the last quarter of 2008, elevated fence line gamma was reported at station 20 at the Dorset Street East warehouse, Rebecca Peters, superintendent of compliance and licensing for the Port Hope conversion facility, told Port Hope council last week. "The levels were below the CNSC limit. Cameco investigated these results and determined that movement of drums within the building caused this increase," Peters said. "In the future, site radiation protection staff will be directly involved with the movement of materials at this site to prevent future reoccurrence of this type of increase. Additional monitoring has indicated that the levels have dropped. This monitoring will continue until Cameco is confident that gamma levels at station 20 have re-stabilized." There were four issues in that quarter as described by Peters.

* Deal to supply nuclear material, equipment, technology * Cameco Corp to benefit from agreement * Agreement to ensure peaceful nuclear uses only (Adds quotes, details) OTTAWA, Sept 24 (Reuters) - Canada and Kazakhstan have reached a nuclear cooperation agreement to open up Kazakhstan's civil nuclear market to Canadian uranium and technology suppliers, Trade Minister Stockwell Day said on Thursday. In a statement, the government said that one of the Canadian companies that will benefit from the agreement with the Central Asian country is Cameco Corp (CCO.TO), one of the world's largest uranium producers. Cameco owns 60 percent of a venture that operates the Inkai uranium deposit in Kazakhstan.

Cameco Corp. is aggressively buying uranium in the spot market as it looks to take advantage of "trading opportunities" in the radioactive metal. In the company's first-quarter results, released yesterday, it revealed that the cost of sales in its uranium business jumped 30% from the same quarter a year ago to $220-million. That was largely due to purchases on the spot market.

Explorer Uranium Equities (UEL) has just signed its third deal with global uranium giant Cameco, a joint venture over the Rudall River uranium project in Western Australia, which happens to be just 25km from the huge Kintyre deposit now owned by Cameco (in partnership with Mitsubishi). This comes just a month after UEQ announced the start of drilling at Lake Blanche, South Australia, where Cameco is earning 51 per cent; there is a third joint venture between the companies in the Northern Territory.

Cameco Corp., the world's largest uranium producer, is suspending uranium-processing temporarily at a plant in Canada because of a dispute over supplies of hydrofluoric acid used in the production of nuclear fuel. Output of uranium hexafluoride at its Port Hope, Ontario, plant will be halted until the second half of next year because of "unreliable and expensive deliveries" of hydrofluoric acid, Saskatoon, Saskatchewan-based Cameco said today in a statement. The acid is used in uranium oxide's conversion into uranium hexafluoride, or UF6, a critical step in the fuel-making process.

The suspension of uranium hexafluoride (UF6) production at Cameco Corp.'s Port Hope, Ont., conversion facility will result in layoffs at the plant but will not affect its uranium production in Saskatchewan, the company says. Cameco Corp. announced Friday it has temporarily suspended UF6 production at Port Hope due to a contract dispute with its hydrofluoric acid (HF) supplier. The Saskatoon-based company, one of the world's largest uranium producers, says the dispute has resulted in unreliable and expensive deliveries of HF.

The safety of drinking water from Lake Ontario is a concern to Cobourg in light of recent contamination fears originating in Port Hope. "It appears that uranium, fluoride and arsenic has reached the harbour, but we can't be sure until we can collect more data," Cameco communications specialist Doug Prendergast told Port Hope council last week. He said Cameco has been busy installing wells along the harbour wall area, and is about halfway through the installation of 22 wells, and they expect to begin collecting data within the next few weeks. Over the past 10 months, Cameco and Golder Associates have been working to trace the path of contamination discovered in July 2007, when employees found yellow staining in the UF6 pla

Representatives from the mining company Cameco addressed the Alice Springs Town Council last night. The company wants to mine 25 kilometres south of Alice Springs and was given 10 minutes to present the pros and cons of uranium mining. A group of about 20 community members crammed into the Alice Springs Town Council chambers to hear the Cameco deputation.

Andy Thorne, general manager of Cameco Corp.'s Port Hope conversion facility, provided an update on the contamination situation to about 80 Port Hope residents Monday, similar to the one provided to Port Hope council last Tuesday. Yellow staining was observed in the bottom of excavation pit in the UF6 building on July 13, 2007, and Cameco halted production six days later, once it was discovered the contamination was more widespread than originally thought.

The president and CEO of Cameco Corporation, a supplier of uranium, weighs in on the hurdles facing his industry Editor's note: This Q&A is a part of a survey conducted by Scientific American of executives at companies engaged in developing and implementing non-fossil fuel energy technologies. What technical obstacles currently most curtail the growth of nuclear fission? What are the prospects for overcoming them in the near future and the longer-term?

"Uranium emissions that possibly exceeded the action level at Cameco's Port Hope Conversion Facility has the federal nuclear regulator asking for more emissions information from the company. According to a Canadian Nuclear Safety Commission (CNSC) media release, the CNSC feels further improvements to Cameco's uranium dioxide (UO2) plant in-house stack sampling system and preventative maintenance program are needed after uranium emissions at the plant on June 29 potentially exceeded the action level. Based on a Cameco report, the CNSC determined the UO2 plant uranium emission rate was 7.21 gU/h (grams of uranium emissions per hour). Although this rate is well below the licensed limit of 150 gU/h, it is above the plant's action level of 7 gU/h."

British Columbia, Sept 16 (Reuters) - Cameco Corp has resolved the leak problem at its Port Hope, Ontario, nuclear conversion plant and hopes to restart it at a reduced rate within the next few days, the company said on Tuesday.

Cameco Corp (CCO.TO: Quote, Profile, Research), the world's top uranium producer, said on Friday it will take an 11 percent stake in closely held Govi High Power Exploration Inc for $28 million and team up with the company to explore for uranium in Niger. The deal will also give the Canadian company the right to acquire a further 10 percent stake in GoviEx for $31 million and the miner could eventually boost its holding to 48 percent, for a further cost of between $145 million and $212 million, depending on timing.

A Canadian company that acquired a reported 550 tonnes of yellowcake uranium from Iraq says that the U.S. military wanted the deal to be kept quiet. "We were following the request of the U.S. government,'' Saskatoon-based Cameco Corp. spokesperson Lyle Krahn told The Canadian Press of the clandestine route the material took to get out of Baghdad and to Canada.

* Workers vote 96 pct to reject latest contract offer * Plan to strike at midnight, union says * Company says no meetings with union have been scheduled (Adds details) TORONTO, Sept 4 (Reuters) - Unionized workers at Cameco Corp's (CCO.TO) Port Hope, Ontario, fuel manufacturing division voted overwhelmingly on Friday to strike, and will officially walk out at midnight, a union official said. Mohamed Baksh, a staff representative for the United Steelworkers, said the vote was 96 percent to reject Cameco's most recent contract offer. He represents 137 workers at the operation, formerly known as Zircatec, which makes up a bit less than half of the total work force at the facility.

Resumes UF6 production at Ontario plant * Had expected to resume output in third quarter * No change to fuel services production outlook TORONTO, June 17 (Reuters) - Cameco Corp (CCO.TO) said on Wednesday it has restarted production of uranium hexafluoride (UF6) at its Port Hope, Ontario, nuclear fuel conversion facility, slightly ahead of schedule. The uranium producer suspended production of UF6 -- used in the uranium enrichment process -- last December after failing to come to terms with its main supplier of hydrofluoric acid, which is needed to produce UF6.

* Resolves contract dispute with acid supplier * To restart UF6 production in third quarter * Shares up 4.4 percent TORONTO, May 19 (Reuters) - Cameco Corp (CCO.TO) said on Tuesday it will restart production of uranium hexafluoride (UF6) at its Port Hope, Ontario, plant after resolving a contract dispute with a key supplier. The uranium producer suspended production of UF6 -- used in the uranium enrichment process -- last December after failing to come to terms with its main supplier of hydrofluoric acid, which is needed to produce UF6.

"Grandey, chief executive of Cameco Corp, admits to being an anti-nuclear activist in his youth. His company is now among the leading foreign investors in Kazakhstan's fast-growing uranium sector. Kazakhstan surpassed Canada last year as the world's largest uranium miner. With more than 15 percent of global reserves, the Central Asian state is poised to become the primary supplier of the metal to a new generation of nuclear reactors worldwide. "The uranium potential of Kazakhstan is remarkable," said Gregory Vojack, an Almaty-based attorney at Bracewell & Giuliani LLP who advised state nuclear firm Kazatomprom on a $500 million Eurobond last month. The issue was eight times oversubscribed. Global uranium consumption is forecast by the World Nuclear Association to reach 91,537 tonnes by 2020 and 106,128 tonnes by 2030, increases of 33 percent and 55 percent respectively from the 68,646 tonnes forecast for this year."

Larry Teahon, manager of health safety and environmental affairs for Cameco Resources' Crow Butte Operation near Crawford, touted the benefits of uranium mining during the fall's final installment of the Graves Lecture Series at Chadron State College on Tuesday, Nov. 11. Teahon, who is one of 12 employees at the mine who focus on safety, said safety and environmental safety are two of Cameco's foremost values. He also said the company works to support communities and make money for its shareholders.