Josh Wingrove reports that Cameco Corp., biggest uranium producer in Canada, would reap a revenue windfall once a sales agreement is finalized with India, while boosting employment in its home province, the Saskatchewan premier said. A deal would be huge, yielding hundreds of millions in revenue and supporting jobs in the mining sector, Saskatchewan Premier Brad Wall said in an interview with Bloomberg News on Friday. He was asked to comment on a possible agreement by Saskatchewan-based Cameco to provide uranium for nuclear power. He said that he deal would mean tax revenue, it would mean job retention, it would mean new jobs, if in fact there is an agreement here with India, Wall said by telephone. Depending on all the specifics, you will be talking about hundreds of millions of dollars worth of sales over some period of time.
A long-term deal by Cameco to sell uranium to India could be announced soon when Indian Prime Minister Narendra Modi visits Canada, said a person familiar with negotiations, who asked not to be identified because the agreement is not yet final. The Globe and Mail had reported the possibility of a deal earlier.
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