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  • Cameco digs into exploration in Niger

    Canadian uranium giant Cameco has taken a stake in a company exploring for the mineral in Niger, marking its first foray in the country. The strategic alliance could see Cameco invest up to $212 million.
  • Remediation work at Cigar Lake suspended

    Cameco Corp announced that it has temporarily suspended remediation work at the No.1 shaft at its Cigar Lake uranium project, which flooded in 2006, due to an increase in the rate of water inflow to the mine.
  • Iraqi uranium removed to Canada

    Uranium from Saddam Hussein's former weapons program has been removed from Iraq for ultimate use in civilian power generation. Cameco will process the material for sale alongside its other stocks.
  • Pumping next week at Cigar Lake

    Cameco is to begin pumping water from the flooded Cigar Lake mine next week. The uranium mine, which should be the biggest in the world when it enters operation, was flooded by a rockfall in October 2006.
  • Cameco completes GLE's front end loop

    Uranium producer Cameco has joined the Global Laser Enrichment (GLE) venture, promising tie-ins across the front end of the nuclear fuel cycle. Together, the stakeholders in GLE have uranium mining, conversion enrichment and fuel fabrication business units.
  • Next step towards Kazakh conversion plant

    Canada's Cameco Corporation and Kazatomprom of Kazakhstan have announced the formation of a new joint-owned company, Ulba Conversion LLP, to move forward with development work on a 12,000 t uranium hexafluoride conversion facility in Kazakhstan.
  • Operation resumes at Rabbit Lake

    Cameco announced on 2 January that normal mining activities have been resumed following flooding in late 2007 at its Eagle Point mine in northern Saskatchewan, Canada. The company announced on 28 November that underground activities at the mine, part of the Rabbit Lake uranium operation, had been suspended as a precautionary measure when the mine experienced an increase of water flow at a time when the capacity of the surface water-handling system was also temporarily reduced due to an equipment upgrade. Cameco said that operations had resumed "well ahead of schedule", after sealing off the source of the water inflow. An old exploration drill hole was identified as the source of the water inflow. The hole was plugged by installing an inflatable packer. Cameco said that it will install a permanent plug and grout a substantial length of the drill hole with cement to replace the inflatable packer in the next couple of weeks.
  • Cameco reports on Rabbit Lake flooding

    Cameco reported on 3 December that it is making good progress in dealing with a problem of increased water inflow at the Eagle Point mine, but has extended the suspension of mining activities. Cameco announced on 28 November that underground activities at the mine, part of the Rabbit Lake uranium operation, had been suspended as a precautionary measure when the mine experienced an increase of water flow at a time when the capacity of the surface water-handling system was also temporarily reduced due to an equipment upgrade. Work is in progress to permanently seal off the affected area and Cameco points out that the mine's water handling capacity is well able to cope with the increased inflow. However, the company now says that after further assessment it is "allowing additional time before resuming mining activities."
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