Thursday, May 10, 2012

Japanese government takeover of Tepco means Japan owns 5% of Cameco's Cigar Lake uranium mine in Saskatchewan

A $12.5 billion USD purchase by the Japanese government of shares in Tepco, announced last week, means that the Japanese government will own more than 50% of Tepco's voting shares.

Tepco holds a 5% interest in Saskatoon-based Cameco's Cigar Lake mine in Northern Saskatchewan

The 5% ownership is well within the limits for non-residents owners of Canadian uranium mines.

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