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Cameco Corp.

Cameco Corp. is extending the current shutdown of mining activity at its Rabbit Lake uranium mine into the first quarter of 2002. During 2001, Cameco will seek regulatory approval to reopen mine operations based on a revised plan for the remaining 20M/lb of reserves. The Rabbit Lake mill will operate on existing stockpiles until they are depleted near the end of the first quarter of 2001. At that time the mill will be placed on standby. Subject to market conditions and the receipt of regulatory approvals, Cameco anticipates restarting the mill in the first quarter of 2002, shortly after mining activities resume. Mining was suspended there in 1999, and mill production was reduced at that time from 12M to 7M lb/yr uranium oxide.

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Publication:E&MJ - Engineering & Mining Journal
Article Type:Brief Article
Geographic Code:1CANA
Date:Jan 1, 2001
Previous Article:Foran Mining Corp.

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