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Ukrainian nuclear utility Energoatom and Canada’s Cameco have signed an agreement finalising implementation of the programme to export all of Ukraine's uranium production for processing in Canada to produce fuel for Ukraine’s NPPs. This came during a visit to Canada by Energoatom President Petro Kotin, who had signed the original contracts in London in March.

Date: Wednesday, 19 April 2023
Original article: neimagazine.com/news/newsukraine-energoatom-and-cameco-finalise-uranium-agreement-10769622

Agreement covers nine reactors at three sites The agreement was signed by Energoatom president Petro Kotin (left) and Cameco president and chief executive officer Tim Gitzel. Canada-based Cameco and Ukraine’s state-owned nuclear operator Energoatom have signed the last agreement needed for a programme to export all of Ukraine’s uranium production for processing in Canada to produce fuel for Ukrainian nuclear power plants.

The agreement was signed in Canada on 11 April by Energoatom president Petro Kotin and Cameco president and chief executive officer Tim Gitzel.

agreement will run from 2024, with all deliveries to Ukraine in the form of natural uranium hexafluoride (UF6). Cameco said the contract will contain “a required degree of flexibility”, given present circumstances in Ukraine.

The agreement will see Cameco supply 100% of Energoatom’s UF6 requirements – consisting of uranium and conversion services – for the nine nuclear units at its Rovno (four units), Khmelnitski (two units) and South Ukraine (three units) nuclear power plants for the duration of the contract.

Date: Saturday, 15 April 2023
Original article: nucnet.org/news/cameco-and-energoatom-finalise-deal-on-nuclear-fuel-supply-4-5-2023

Cameco and Energoatom have signed the last agreement needed for the implementation of a programme to export all of Ukraine's uranium production for processing in Canada to produce fuel for Ukrainian nuclear power plants.

Date: Friday, 14 April 2023
Original article: world-nuclear-news.org/Articles/Cameco,-Energoatom-fuel-deal-implemented

Canada’s Cameco and Bruce Power have extended their long-term exclusive nuclear fuel supply arrangements for an additional 10 years until 2040. The original deal was announced in 2017. The arrangements include provisions for Cameco, one of the largest global providers of the uranium fuel, to supply 100% of Bruce Power’s uranium, conversion services and fuel fabrication requirements. The extension represents additional business between the companies estimated at CAD2.8bn ($2bn) from 2031 to 2040. The volumes under these new arrangements were included in the long-term contracting volumes disclosed by Cameco in February 2022.

Date: Friday, 07 April 2023
Original article: neimagazine.com/news/newscameco-and-bruce-power-extend-long-term-nuclear-fuel-supply-arrangements-to-2040-10738720

Agreement reached to hand back related CAD 300 million Cameco’s corporate headquarters in Saskatoon, Canada. Uranium miner Cameco is urging the Canada Revenue Agency to return CAD480m ($352m, €324m) in withheld tax after an agreement to return a related CAD300m.

Cameco said on Monday (27 March) that past court rulings require the CRA to refund all CAD780m the company has been seeking in a dispute over its transfer pricing transactions for the 2007-2013 tax years.

Cameco said a series of court decisions that were “completely and unequivocally” in Cameco’s favour for the 2003, 2005 and 2006 tax years determined that the income earned by Cameco’s foreign subsidiary from the sale of non-Canadian produced uranium was not taxable in Canada.

Cameco said the CRA had issued revised reassessments for the 2007 to 2013 tax years that will result in it being refunded CAD300m, consisting of CAD89m in cash and CAD211m in letters of credit.

Date: Wednesday, 29 March 2023
Original article: nucnet.org/news/uranium-company-urges-canada-to-return-full-cad-780-million-in-tax-dispute-3-2-2023

The Canada Revenue Agency (CRA) has issued revised reassessments that will result in the Canadian company being refunded a total of some CAD300 million (USD219 million) - CAD89 million in cash and CAD211 million in letters of credit - but the company's broader tax dispute with the CRA continues.

Date: Tuesday, 28 March 2023
Original article: world-nuclear-news.org/Articles/Cameco-to-receive-CAD300-million-tax-refund

The President of Ukrainian nuclear utility, Energoatom, Petro Kotin has signed contracts in London with Tim Gitzel, President of Canada’s Cameco to extend agreements on fuel supplies. The signing ceremony was attended by the Minister of Energy of Ukraine Herman Halushchenko (online); the High Commissioner of Canada to the UK, Ralph Goodale; and the Ambassador of Ukraine to the UK, Vadym Prystaiko.

Date: Thursday, 23 March 2023
Original article: neimagazine.com/news/newsukraines-energoatom-signs-agreements-with-cameco-for-fuel-supplies-10694716

Energoatom and Cameco have signed agreements covering the supply of Ukrainian uranium and the production of nuclear fuel for nuclear power plants in Ukraine.

Date: Tuesday, 21 March 2023
Original article: world-nuclear-news.org/Articles/Energoatom-and-Cameco-sign-fuel-and-uranium-agreem

Ukrainian nuclear utility Energoatom and Canada’s Cameco Corporation have agreed the commercial terms for a major uranium supply contract. Cameco will provide sufficient volumes of natural uranium hexafluoride (UF6) (including uranium and conversion services), to meet Ukraine’s nuclear fuel needs until 2035. Finalisation of the 12-year contract is anticipated in the first quarter of 2023 although key commercial terms, such as pricing mechanism, volume and tenor, have already been agreed.

Date: Wednesday, 15 February 2023
Original article: neimagazine.com/news/newscameco-signs-major-uranium-supply-deal-with-ukraine-10593236

2022 has been a "transformative" year for the company, CEO Tim Gitzel said, with record long-term contracting, the resumption of production at McArthur River and Key Lake, an increase in its ownership of Cigar Lake and its joint acquisition of Westinghouse. The company reported net earnings of CAD89 million (USD66.5 million) for the year.

Date: Saturday, 11 February 2023
Original article: world-nuclear-news.org/Articles/Cameco-reaps-benefits-of-best-ever-fuel-market-fun