https://www.engineeringnews.co.za

Cameco’s Cigar Lake passes production milestone

15th December 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Canada’s biggest uranium producer has passed the critical production milestone of ten-million pounds of yellow cake produced from the Cigar Lake mine, in northern Saskatchewan.

TSX- and NYSE-listed Cameco’s 50.025% share of the mine’s output totalled about five-million pounds.

The mine declared commercial production on May 1, after suffering several setbacks in developing the mine over the years, as frequent flooding and problems with freezing the earth around the underground passages and ore delayed production.

The Cigar Lake mine was operated by Cameco, while Areva Resources Canada held a 37.1% stake, Idemitsu Canada Resources held a 7.875% stake and Tepco Resources held the remaining 5% interest.

Ore from the Cigar Lake mine was milled at the McClean Lake operation, which was 70%-owned by Areva Resources Canada, 22.5% by Denison Mines and Ourd Canada, which held the other 7.5%.

Ore was transported 70 km by truck from the Cigar Lake mine to the McClean Lake mill for processing into uranium concentrate.

Cameco hit the initial 2015 production target during the third quarter.

Cameco planned to report the full 2015 production for Cigar Lake in its fourth quarter results, due out on February 5, 2016.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 0.824s - 140pq - 2rq
Subscribe Now