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« John Kaiser: Game-Changer on Rare Earths Horizon? | Main | New Baghdad and the Collapse of Capitalism »

Canada Relaxing Foreign Investment Rules in the Uranium Sector

Uranium Chart of Countries 17 March 2010.JPG

With uranium prices continuing to slump, what's the outlook for one of the world's largest uranium producers? And how will relaxing foreign investment rules for uranium mining in Canada change the industry's dynamics?

Jerry Grandey, president and CEO, Cameco.JPG

BNN speaks to Jerry Grandey, president and CEO, Cameco, please click here to watch the clip.

Jerry Grandey argues the case for reciprocity in that he would like to see other countries offer Canada the same terms for investment in their countries.

There is also an interesting chart showing one analysts opinion of the possible oversupply going forward, to which Gerry responded that we are still producing 125 million pounds a year and using 175 million pounds a year.

As for new nuclear plants in Ontario he reckons it could be towards the end of this decade or the next one and will be driven by the demand for clean air.

Uranium Glut 17 March 2010.JPG

Have a good one.

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