Cameco is not the only Wyoming uranium producer to be battered by the weak market. Uranium One announced recently that it was laying off eight employees and that it had reduced production estimates at its Willow Creek mine. Passionate views, pointed criticism and critical thinking are welcome. Name calling, crude language and personal abuse are not welcome. Moderators will monitor comments with an eye toward maintaining a high level of civility in this forum. Our comment policy explains the rules of the road for registered commenters.
The Cheyenne office will close Sept. Air Max Light 2 30.
Spot prices on U308, the low grade uranium used in nuclear power plants, reached an eight year low this month, dipping below $30 per pound.
The company said it plans to move its American headquarters to Casper, with 13 of the Cheyenne office's 15 employees moving north up Interstate 25. The move will increase the company's total staff in Casper to 32. Two employees will lose their jobs as part of the move.
pleased to be keeping our headquarters in Wyoming and to be expanding our presence in Casper, which Air Max 95 On Feet Shorts
Cameco Corp., the world's largest uranium company, is closing its Cheyenne office and laying off two employees there due to low uranium prices.
If your comment was not approved, perhaps.
when the market improves."
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The Canada based company's American operations have been headquartered in Cheyenne since 2010, when it moved its offices from Colorado to Wyoming.
is closer to our operations,"Cameco spokesman Ken Vaughn said in an email.
"We regret having to close the Cheyenne office but are Air Yeezy Zen Grey
The weak market is a result of a U308 surplus, prompted in large part by the shuttering of the Japanese nuclear fleet in 2011 after the Fukushima disaster.
Cameco Resources to close Cheyenne office due to weak uranium market
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The change does not affect Cameco's Smith Ranch Highland and North Butte mines in Wyoming or the Crow Butte mine in Nebraska.
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"The consolidation is a response to the depressed uranium market that will allow us to control costs, to focus on operations and to be ready for future growth Air Max In Shorts
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