Cameco To Apply For Cigar Lake Licence Extension

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Jul 13, 2007, 1:28:49 PM7/13/07
to Global Mining News
13 Jul (NucNet): Uranium producer Cameco says it is preparing to
submit an application to the Canadian Nuclear Safety Commission for an
extension of the construction licence for the Cigar Lake Mine, which
was flooded after a rockfall in October 2006.


The company said the existing construction licence for the northern
Saskatchewan mine, where remediation work following the flood is
continuing, expires at the end of 2007.

Completion of the second phase of remediation, which includes removing
floodwater and making sure the water inflow has been sealed, had been
expected by the end of the third quarter of 2007. But in a statement
on 11 July 2007 Cameco said it expects it will need a number of
additional months to seal the inflow and dewater the mine.

The Cigar Lake project is a joint venture owned by Cameco Corporation
(50%), Areva Resources Canada (37%), Idemitsu Canada Resources (8%)
and Tepco Resources (5%).

>>Related reports in the NucNet database (available to subscribers)

Cameco Issues Update On Cigar Lake Mine Remediation (World Nuclear
Review No. 9, 2 March 2007)

Construction Costs Up For Cigar Lake Uranium Mine Project (News in
Brief No. 5, 19 March 2007)

Source: NucNet
Editor: david....@worldnuclear.org

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