Cameco’s Kintyre Mine in Pilbara Granted Conditional Federal Approval

ABC News reported that the Cameco Corporation’s (TSX:CCO,NYSE:CCJ) proposed Kintyre mine in Pilbara has been granted conditional Federal environment approval.

As quoted in the market news:

The project received conditional approval from Western Australia’s Environment Minister Albert Jacob last month.

The joint-venture project with Mitsubishi Development would include an airstrip, processing plant, waste rock dump, tailings storage facility, offices, accommodation and a haul road. The company plans to truck uranium oxide concentrate from the site, at the western edge of the Great Sandy Desert in the east Pilbara, to an Adelaide port.

In a statement, Cameco said the approval by the Federal Environment Minister Greg Hunt included conditions covering radiation, ground and surface water, terrestrial fauna and mine closure. Cameco Australia’s managing director Brian Reilly said the company welcomed the approval and “will ensure all regulatory conditions are met.”

Brian Reilly, managing director at Cameco, commented:

We are confident the project can be safely constructed, operated and decommissioned in a way which maintains the ecological functions and environmental values in the area.

Click here to read the full ABC report.