Cameco could resume N. American uranium output if Kazakh turmoil hits supply (updated)

Natsional'naya Atomnaya Kompaniya Kazatomprom AO

07/01/2022 18:28

(Updates Jan. 6 story to include additional company comment in
paragraph 3)
    Jan 6 (Reuters) - Cameco Corp  CCO.TO  said on Thursday it
could resume production of roughly 24 million pounds of uranium
annually in North America if needed by the global market due to
the political turmoil https://www.reuters.com/world/asia-pacific/troops-protesters-clash-almaty-main-square-kazakhstan-shots-heard-2022-01-06
 in Kazakhstan. 
    The company said in an emailed statement it was not clear
how quickly it would take to resume the output, but its five
mothballed mines in Canada and the United States are in good
condition. 
    Cameco added it would only resume output if uranium prices
rise "to the point where the market once again calls for
increased production" and a customer is willing to sign a
long-term contract.
    Saskatchewan-based Cameco added it has not yet been able to
discuss the status of its Kazakhstan operations with joint
venture partner https://www.reuters.com/markets/europe/worlds-biggest-uranium-miner-says-unaffected-by-kazakh-turmoil-2022-01-06
 Kazatomprom  KZAP.KZ  KAPq.L .

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
World's biggest uranium miner says it is unaffected by Kazakh
turmoil     urn:newsml:reuters.com:*:nL8N2TM2F4
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Ernest Scheyder
Editing by Chris Reese and Marguerita Choy)
 ((ernest.scheyder@thomsonreuters.com; Twitter: @ErnestScheyder;
+1-713-210-8512; Reuters Messaging:
ernest.scheyder.thomsonreuters.com@reuters.net))