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Cameco (TSX:CCO,NYSE:CCJ) announced it has reached the main mine workings with the second shaft at the Cigar Lake uranium mining project.
Cameco (TSX:CCO,NYSE:CCJ) announced it has reached the main mine workings with the second shaft at the Cigar Lake uranium mining project.
As quoted in the press release:
Cameco made steady progress at Cigar Lake during 2011. In addition to the successful sinking of the second shaft, Cameco:
- Restored underground mine systems, infrastructure and development areas
- Secured regulatory approval and started construction of systems to increase discharge capacity for treated water
- Initiated orebody freezing from surface
- Developed and secured regulatory approval for a revised mine plan.
Cameco’s President and CEO Tim Gitzel said:
The breakthrough is a key milestone on our path to safe, clean and reliable production from this exceptional orebody. We expect to resume full mine development and construction activities in 2012 and remain on track to start ore mining by mid-2013.