Jan 6 (Reuters) - Cameco Corp 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.
(Reporting by Ernest Scheyder
Editing by Chris Reese and Marguerita Choy)