What impact do Camecos operations have on the economies of Port Hope and Northumberland County?
An economic impact study (PDF 248 KB) shows direct and indirect spending in Port Hope by Cameco’s uranium conversion facility and Cameco Fuel Manufacturing totalled almost $63 million in 2005, accounting for 9% of the total economic activity in the Municipality of Port Hope during that year. The study, commissioned by Cameco and prepared by Professor Harry Kitchen of the department of economics at Trent University, also shows direct and indirect spending by Cameco on wages, salaries, purchases from local suppliers and contributions to local charities totalled over $117 million for all of Northumberland County in 2005, or 4% of regional economic activity. Cameco also has a significant employment impact in Port Hope. The uranium conversion facility is the second largest employer in the municipality’s manufacturing sector and Cameco Fuel Manufacturing is the fourth largest. Combined, they employed 526 people directly and 164 additional person years indirectly through secondary job creatio
