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Cameco, Uranium One shares fall on Germany’s nuclear decision

Mineweb | May 31, 2011 | 3:13 pm Energy Top Companies Canada Europe Uranium

Shares of top Canadian uranium producer Cameco (CCO.TO: Quote) slipped as much as 4.4 percent on Monday, after Germany said that it plans to shut all its nuclear reactors by 2022.

The move to shut down its nuclear program comes just nine months after Berlin announced an extension to the lifespan of its plants by an average 12 years.