Cameco uranium production pdf

Probe into uranium imports into the us hasnt helped. Why cameco corp is the best buy in the uranium industry. Uranium production overview cameco 2015 online annual. It is a clear sign that the spot uranium price is well below the real cost of. Mining the high grade mcarthur river uranium deposit iaea. Why cameco corp is the best buy in the uranium industry its about more than just size for uranium industry giant cameco corp. Cameco estimates the world uranium consumption totalled about 172 million pounds in 2008, similar to 2007. Northern saskatchewan has the worlds best uranium assets one of the reasons cameco opened a new mine here in 2014. Cameco corporation mcarthur river operation financial guarantee. The uranium industry provides many jobs and promotes investment and economic development in the province. Australia has problems with bhp billitons olympic dam mine, the by far most profitable uranium mine in this country. Table of camecos incidents compiled by dr jim green and mara bonacci friends of the earth australia last updated. Cameco suspends production indefinitely at uranium mine.

Were proud to call northern saskatchewan the home of our largest operations, including our newest mine, cigar lake. Production in our uranium segment in the fourth quarter was 9. Energy information administration 2018 domestic uranium production report ii. Cameco is one of the largest global providers of the fuel needed to energize a cleanair world. Ccj announced today that it is temporarily suspending production at its cigar lake uranium mine in northern saskatchewan and placing the facility in safe care and maintenance mode due to the threat posed by the coronavirus covid19 pandemic. Cameco has been continuously downsizing for the past five years and the. We hold about 461 million pounds of proven and probable. Cameco extends production suspension at cigar lake mine. Production consumption uranium demand overall, nuclear power trends support moderately growing demand for uranium and conversion services in the next 10 years, with the potential for more rapid growth thereafter. There are no confirmed cases of covid19 among cameco s workforce at the present time.

June 2017 cameco is a uranium mining company based in canada. The site is approximately 620 kilometres north of saskatoon, a city with a population of. Saskatchewan is a world leader in uranium production. Our tierone operations have the licensed capacity to produce more than 53 million pounds 100% basis of uranium concentrates annually, backed by 461 million pounds of proven and probable mineral reserves our share. Doe transfers of excess uranium on domestic uranium mining, conversion, and. Uranium miner cameco reports q2 profit down from year ago.

Uranerz energy has a tolling arrangement with cameco. Our operations and investments span the nuclear fuel cycle, from exploration to fuel manufacturing. Cameco suspends rabbit lake mine production and cuts 500 jobs. Uranium in saskatchewan 2017 cameco corporation in. Uranium is produced through wellfields, rather than with open pits or underground shafts. Uranium miner cameco corporation has a great business and an even greater debt load cameco appears to have a bright future, but during the uranium downturn, its. Uranium reserves and resources saskatchewan mining. The uranium will come from the dismantling of russian nuclear weapons. Our tierone operations in canada and kazakhstan have the licensed capacity to produce more than 53 million pounds 100% basis each year. Cameco and two other companies agreed to buy more than 200 million pounds of enriched uranium from russia. We use an environmentally friendly in situ process for mining. Cameco corporation and areva resources canada are the two uranium producers in saskatchewan, producing all of canadas uranium. Cameco resources owns the largest uranium production facilities in the us, based on resources and licensed production capacity.

The saskatchewan uranium mining industry is one of the top employers. Cluff lake ceased uranium production at the end of 2002 after 22 years of operation. Cameco to buy up uranium from russian nuclear weapons wsj. Cameco suspends rabbit lake mine production and cuts 500. We remain committed to that strategy tim gitzel, cameco s president and ceo.