Uranium mine granted construction & operating license

Cameco uranium mining Cigar Lake Saskatchewan Areva Tokyo Electric Power TEPCO Idimitsu McClean Lake

Cameco (TSX: CCO, NYSE: CCJ) said the Canadian Nuclear Safety Commission granted a uranium mining license for construction and operation of the Cigar Lake project in Saskatchewan.

The license will be valid from July 1, 2013 to June 30, 2021. Cameco said it plans to begin jet boring in ore this summer, with the first packaged pounds expected in late 2013. Jet boring uses water under high pressure to carve out cavities in the orebody and then collecting the resulting ore slurry through pipes, according to Cameco. The ore will be processed through a toll milling arrangement at Areva’s McClean Lake operation just north of Cigar Lake.

Partners on the project include Cameco, Areva, Idimitsu and Tokyo Electric Power Co.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...