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AREVA > Home > Operations
Uranium Projects Operated by AREVA Resources Canada Inc.
AREVA Resources Canada Inc. Ownership in Saskatchewan Uranium Projects
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Recently, AREVA Resources' production has been lower than usual due to reduced production from McClean Lake. Production is anticipated to increase significantly after 2010 when Cigar Lake and Midwest ore begins being processed at McClean Lake. These mines will be operating for decades to come, providing AREVA Resources Canada with sustained and predictable uranium production well into the future.
- The 70% owned McClean Lake operation, which is operated by AREVA Resources, produced 1.8 million pounds of U3O8 in 2006, compared to 5.4 million in 2005. AREVA Resources’ share of this production was 1.3 million and 3.8 million pounds in 2006 and 2005 respectively. This lower level of production reflects the transition from the milling of higher-grade Sue C ore in late 2005 to milling lower-grade ore from the Sue A and Sue E deposits in 2006. Mining of Sue A was completed in early 2006. Mining of Sue E began early in 2006, continued throughout the year, and will continue through 2007 to provide ore for the mill for the upcoming years.
- McArthur River production reached 18.7 million pounds of U3O8 for the third consecutive year in 2006. All McArthur River ore is milled at the Key Lake facility. AREVA Resources received 5.65 million pounds of U3O8 from McArthur’s production through its 30.195% ownership.
- In October 2006, a water inflow occurred at the Cigar Lake project, which is currently under development and which is 37.1% owned by AREVA Resources. This event has pushed back the expected start-up of production to 2011 from early 2008.
- The majority of the decommissioning work on the 100% owned Cluff Lake project has been completed. AREVA Resources will continue to monitor the site to ensure all environmental conditions meet or exceed regulatory requirements.
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Share of Production
|
|
|
|
|
|
(million lbs. U3O8) |
| |
Ownership
Share |
97 |
98 |
99 |
00 |
01 |
02 |
03 |
04 |
05 |
06 |
07 (est.) |
|
Cluff Lake* |
100% |
5.1 |
2.7 |
3.2 |
3.8 |
3.4 |
4.2 |
0.1 |
- |
- |
- |
- |
|
McClean Lake |
70% |
- |
- |
1.0 |
4.2 |
4.6 |
4.3 |
4.2 |
4.2 |
3.9 |
1.3 |
1.3 |
|
McArthur River/Key Lake |
30% |
- |
- |
- |
3.0 |
5.2 |
5.6 |
4.6 |
5.6 |
5.6 |
5.6 |
5.6 |
|
Total |
|
5.1 |
2.7 |
4.2 |
11.0 |
13.3 |
14.1 |
8.9 |
9.8 |
9.5 |
6.9 |
7.0 |
(Numbers may not add due to rounding) |
| McClean
Lake: |
Beginning production in June 1999, McClean Lake
has an annual licensed production level of 12 million lbs. U3O8. |
| Cluff Lake: |
Operations were suspended in 2002 after 22 years of production. The site is almost completely decommissioned. |
| Midwest Project: |
Midwest will be co-developed with the McClean
Lake project. |
| Uranium
Exploration: |
AREVA Resources Canada manages an exploration program
in northern Saskatchewan, eastern Alberta and other locations
in Canada. |
AREVA Resources Canada is also involved in several joint ventures in
northern Saskatchewan operated by Cameco Corporation ( Uranium
Joint Ventures ).
With majority or significant interests in major Saskatchewan projects,
AREVA Resources Canada is well positioned as an important supplier of
uranium concentrates to electrical utilities worldwide.
|
|
|
| Cluff Lake: |
AREVA (operator and 100% owner) - being decommissioned |
| McClean Lake: |
AREVA (operator and 70% owner), Denison (22.5%),
OURD (Canada) Co. Ltd. (7.5%) |
| Midwest: |
AREVA (69.16%), Denison Mines (25.17%), and OURD Canada Co. Ltd. (5.67%) |
| Cigar Lake: |
AREVA (37.1%), Cameco Corporation (operator and
50.025% owner), Idemitsu (7.875%), TEPCO Resources (5%) |
| McArthur River: |
AREVA (30.195%), Cameco (operator and 69.805%
owner) |
| Key Lake: |
AREVA (16.667%), Cameco (operator and 83.333%
owner) |
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