A tribunal of international arbitrators has ordered Japan’s Tokyo Electric Power Company (Tepco) to pay Canadian miner Cameco $40.3-million in damages, following the termination of a multibillion-dollar supply agreement in 2017. Saskatoon, Saskatchewan-based Cameco’s claim was for damages of $700-million and president and CEO Tim Gitzel said at the weekend that the company was disappointed with the amount of damages awarded.
