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Cameco (TSX:CCO, NYSE:CCJ) has started jet boring at the Cigar Lake project up in the Athabasca Basin, in northern Saskatchewan. The company has also completed all identified mine work (announced in September) and construction at Cigar Lake.
Cameco (TSX:CCO, NYSE:CCJ) has started jet boring at the Cigar Lake project up in the Athabasca Basin, in northern Saskatchewan. The company has also completed all identified mine work (announced in September) and construction at Cigar Lake.
According to the company’s press release:
Commissioning in ore for the underground mining and process equipment continues. Cameco is on track to begin ore production at Cigar Lake during the first quarter of 2014 as previously announced.
During production, ore from the Cigar Lake mine will be transported 70 kilometres by truck to the McClean Lake mill for processing to uranium concentrate. The McClean Lake mill is majority owned and operated by AREVA.
Click here to view the full press release.