OURD more than power utilities

LETTER TO THE EDITOR

In your article titled “Cogema discovers new Midwest zone” (T.N.M. April 14-20/06), you noted that ownership of the Midwest project and McClean Lake mine is a “consortium of Japanese power utilities.” Actually, these interests are owned by Overseas Uranium Resources Development Canada (OURD Canada), a wholly owned subsidiary of Japan-based OURD.

The shareholders of OURD consist of 30 companies including utility, metal mining, trading, heavy industries and other companies.

I hope you can refer to OURD or OURD (Canada) as a Japanese “mining company” rather than a “consortium of Japanese power utilities” in future articles regarding ownership of the McClean Lake mine and Midwest project in Saskatchewan.

Tomio Hamai

Manager, Technical Dept. OURD, Japan