Cameco Corporation is engaged in exploring, developing, mining and milling uranium ore to produce uranium concentrates. The Company is also a commercial converter of uranium concentrates (U3O8) to UF6 (uranium hexafluoride), as well as a supplier of services to convert uranium concentrates to UO2 (uranium dioxide). Cameco, through its subsidiaries, has a 31.6% limited partnership interest in Bruce Power Limited Partnership, which operates a nuclear electricity generating facility in Canada. Bruce Power has six nuclear reactors at the facility in service. While Cameco continues its principal focus on the nuclear business, it is also engaged in the gold business. One of the Company's subsidiaries has a one-third operating interest in the Kumtor gold mine in the Kyrgyz Republic in Central Asia. Another Cameco majority-owned subsidiary is engaged in developing the Boroo gold mine in Mongolia.
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