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Uranium Shipment Encounters Rough Seas

Maritime Activity Reports, Inc.

January 25, 2011

Cameco, a publically traded uranium company, has informed the Canadian Nucluear Safety Commission (CNSC) that a ship carrying uranium concentrate, en route to Zhanjiang, China had encountered extremely rough seas, resulting in damages to some of the containers. To allow for further inspection, the ship was routed back to Canada. The CNSC sent a team to inspect the vessel and to monitor Cameco’s response team activities to ensure the health and safety of the workers, the public and the environment. Given the material properties of uranium concentrate and the required transportation precautions, the risk to the ship's crew, the response team, and the vessel is inherently low. There is no risk to the environment or to the public at large.

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