Japan, which has taken all but one of its 54 nuclear reactors offline in the wake of the Fukushima disaster, has not indicated that it is planning a permanent shift away from atomic power, said the head of Cameco Corp on Monday.Cameco, a top global uranium producer, has offered to purchase excess material from Japanese utilities, but they are not selling, said Chief Executive Tim Gitzel, speaking at the Reuters Mining and Steel Summit from Saskatoon, Saskatchewan.That has Cameco confident that Japan will bring at least a portion of its reactor fleet back online in the near future."I think over the next months we'll start to see some reactors come back on," said Gitzel. "It will be a slow process, but eventually they'll bring those back on."
Cameco Corporation (Cameco) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. Shares of CCJ traded higher by 0.4% or $0.09/share to $22.78. In the past year, the shares have traded as low as $16.59 and as high as $31.29. On average, 2676670 shares of CCJ exchange hands on a given day and today's volume is recorded at 3714034.
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