| OWNERSHIP: |
|
Cameco Corporation (70%)
AREVA Resources (30%) |
| OPERATOR: |
|
Cameco Corporation |
| DISCOVERED: |
|
1988 by Cameco Corporation |
| OPERATION: |
|
McArthur River is the world's largest, high-grade uranium mine, contributing to
17 percent of the world's uranium production. It began operation in December 1999. McArthur River
received ISO 14001 environmental management certification in January 2003. |
| CAPACITY: |
|
Annual production capacity of 18.7 million lbs. U3O8 (7,193 tonnes
uranium) milled at the Key Lake site |
| PRODUCTION: |
|
18.7 million lbs. U3O8 (7,193 tonnes uranium) in 2007; all ore is milled at
Key Lake |
| RESERVES: |
|
349.1 million lbs. U3O8 (134,279.6 tonnes uranium) with
an average grade of 20.7% U3O8 |
| PLANS FOR 2008: |
|
-
Development of underground to begin mining new zones of the orebody
-
Complete upgrade of surface ventilation fans to increase underground fresh air capacity
-
Complete upgrade of Shaft 3 surface dewatering line to improve spill detection and protection
-
Development of boxhole boring mining method for future ore production
|
