Restructuring At Cameco Underway

Restructuring At Cameco Underway

Thursday, August 16, 2007 at 14:45

A senior manager at Cameco is confident structural changes at the company will address concerns raised by a federal regulator.

The uranium mining firm has promised organizational restructuring for its northern operations after getting a scathing rebuke from the Canadian Nuclear Safety Commission.

The chair of the commission recently blamed leadership at Cameco for the flooding at the Cigar Lake site last year, and noted the flooding at the McArthur River mine had taken place three years earlier.

But Cameco’s new vice-president of special projects, Bob Steane, says separating the management of development projects from ongoing projects should help address some mistakes of the past.

Steane doesn’t think the commission’s recent criticism of Cameco has been unfair, admitting the company has identified “things to be learned”.