Stars are aligning for uranium price rally

The mining giant will add those jobs during the next 12 months.

Company will suspend operations at the McArthur River and Key Lake at the end of January for at least 10 months.

Aggregate market cap of the top 100 junior mining companies was up 7% to $12.2 billion, a level not seen since 2010, but the group significantly underperformed the Venture Exchange as a whole.

General managers average $212,790 per year at Canadian mines

Cameco said its most immediate goal was to remain competitive and in a position to be among the first to respond when the market calls for more uranium.

It will sell its newest mine to Harmony Gold for $300 million and another mine for 100 million rand ($7.4 million) to China's Heaven-Sent SA Sunshine Investment Company.

The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) project focuses on water use, energy intensity and environmental footprint, with aggressive targets of a 50% reduction in each area by 2027.

Decision is in response to falling uranium prices, a local union leader said.

Magdalena Odarda says Blue Sky Uranium's exploration is taking place at sites of paleontological significance.