Monday, October 23, 2006

Uranium hits the roof

Earlier today Cameco said the underground flooding occurred yesterday after a rock fall at the mine, which is located 660 kilometers (410 miles) north of Saskatoon.

``Efforts to protect the main shaft and key underground infrastructure by closing bulkhead doors were not successful,'' the company said in second statement.

Uranium Participation (U.TO) skyrockets. Cameco (CCJ) dives.

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