Pourbaix replaces Brian Ferguson, who announced his retirement earlier this year following Cenovus’ $17.7 billion acquisition of oil sands and natural gas assets from ConocoPhillips.
Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.
People living close to the large open pit mine in Quebec’s Abitibi region, want to be compensated for damages related to dust, noise and explosions they claim to have been exposed to for many years.
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.
Teck expects larger proportion of coal sales in fourth quarter to be non-premium, reducing average realized price to about 85 percent of benchmark prices.