CCJ gets into enrichment

Cameco Corporation (CCJ) announced today it is joining a uranium enrichment business venture in the United States, which will extend the company's involvement in the front end of the nuclear fuel cycle beyond its current position as the world's largest uranium producer and a leading supplier of uranium conversion services. If you want a stake in nuclear, CCJ is a great position. Cameco has a hand in refining, fuel conversion and fabrication, power generation, and now enrichment.

It should get even better towards 2011 as Cigar Lake gets up and running. Cigar Lake, originally scheduled to open last year and provide about 10 percent of the world's uranium, was flooded after an underground rock collapse in October 2006. Cameco recently reiterated its forecast to start up production at Cigar Lake in 2011 "at the earliest.'' "We are marching down the road to get that min