Second Shaft Breaks Through at Cigar Lake
Cameco President and CEO Tim Gitzel said, “We expect to resume full mine development and construction activities in 2012 and remain on track to start ore min-ing by mid-2013.”
During 2011, Cameco restored under-ground mine systems, infrastructure, and development areas at Cigar Lake; secured regulatory approval for and started con-struction of systems to increase discharge capacity for treated water; initiated ore-body freezing from surface; and developed and secured regulatory approval for a revised mine plan
. The Cigar Lake project is 50%-owned and operated by Cameco. The other Cigar Lake joint venture partners are AREVA Resources Canada (37%), Idemitsu Re-sources Canada (8%) and Tepco Re-sources Inc. (5%).