Cameco (CCJ) is the Saudi Arabia of uranium. It's the world's largest low-cost uranium producer, providing 15% of the world's demand. It has 500 million pounds of proven and probable uranium reserves and extensive mineral resources.
It has four operating mines in Canada and the U.S., as well as two mines ready to be developed in Canada and Central Asia. Through its 31.6% ownership of the Bruce Power nuclear generating station located in southern Ontario, Cameco generates clean electricity. Cameco is the sole fuel source supplier to Bruce.
Cameco is currently in the process of exiting the gold business through its subsidiary Centerra, which was listed on the Toronto Stock Exchange in 2004. In the future, the company says it intends to focus on its uranium mining and nuclear power related businesses as a dominant nuclear energy company and the supplier and partner of choice in the industry.
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