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The first uranium ore from the McArthur River mine has now been milled and packaged at the Key Lake mill, marking the achievement of initial production as the facilities transition back into normal operations.

Date: Friday, 11 November 2022
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In a wide ranging interview for the World Nuclear News podcast, Cameco CEO Tim Gitzel explained: Why the time was right for the Westinghouse deal How Russia's war with Ukraine has led to 'bifurcation' of the nuclear sector Explained Cameco's long-term strategy Looks ahead at the impact of new technologies, including SMRs How nuclear will need to play a key role in getting to net-zero

Date: Wednesday, 09 November 2022
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Purchase could give access to additional 6.9 million pounds of U308 Cameco will pay CAD107m to acquire the stake in Cigar Lake. Courtesy Cameco. Canadian uranium company Cameco and Orano group subsidiary Orano Canada have reached an agreement with Idemitsu Canada Resources to acquire its share in the world’s highest-grade uranium mine, Cigar Lake, in northern Saskatchewan, Canada.

Following the agreement, Cameco’s interest in the Cigar Lake Joint Venture company, which owns Cigar Lake, will increase by just over 4.5 percentage points to around 54.5%. Orano’s stake will increase by 3.3 percentage points to just over 40%. The remaining shareholder, Japan’s Tepco Resources, a Canada-based subsidiary of Tokyo Electric Power Company, will retain its 5% interest.

Cameco will pay approximately CAD107m ($82m, €78m) to acquire the stake in Cigar Lake from Idemitsu. This may be adjusted at the closing of the transaction, which is expected in the second quarter of 2022.

Date: Thursday, 12 May 2022
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Cameco and Orano announced they have reached agreement with Idemitsu Canada Resources Ltd to acquire Idemitsu's 7.875% stake in the Cigar Lake Joint Venture, owner of the Cigar Lake uranium mine in northern Saskatchewan, Canada.

Date: Thursday, 12 May 2022
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Cameco has announced plans to restart uranium production at McArthur River/Key Lake, idled since 2018. The company plans to ramp up production at the operation in northern Saskatchewan to produce 15 million pounds U3O8 (5770 tU) per year starting in 2024, but aims to maintain "supply discipline", reducing production at Cigar Lake to 25% below its licensed capacity.

Date: Thursday, 10 February 2022
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The Canadian Nuclear Safety Commission (CNSC) has amended the uranium mine and mill licence held by Orano Canada Inc allowing it to expand the JEB tailings management facility (TMF) at McClean Lake.

Date: Wednesday, 19 January 2022
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The Cigar Lake mine was also shut down in March because of the Covid-19 pandemic. Photo courtesy Cameco. Cameco is temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan over the coming weeks due to the increasing risks posed by the Covid-19 pandemic.

It is the second Covid-related shutdown at the facility. The first began in March and lasted for five months.

The company said Saskatchewan is experiencing a significant negative trend in the pandemic, which is leading to increased uncertainty for the continuous operation of Cigar Lake, due in part to access to qualified operational personnel.

Cameco president and chief executive officer Tim Gitzel said Cameco has had six positive tests at its northern operations in recent weeks, including three at Cigar Lake. “One of the most challenging trends we’ve had to navigate is the shrinking availability of workers in critical roles at Cigar Lake due to self-isolations, absenteeism and communities being on temporary pause for transporting workers due to the pandemic,” he said.

Cameco will be placing the mine in a safe state of care and maintenance and there will be a significant reduction in personnel from the 300 usually onsite.

Date: Wednesday, 16 December 2020
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The Cigar Lake uranium mine in northern Saskatchewan is to remain in care and maintenance for an "indeterminate period" as the effects of the global COVID-19 pandemic persist, Cameco announced yesterday at the same time as it withdrew its 2020 Outlook. Orano has also extended the suspension of production at its McClean Lake mill, where Cigar Lake ore is processed.

Date: Wednesday, 15 April 2020
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Kazakhstan's JSC National Atomic Company Kazatomprom says it will continue to "flex down" production by 20% through 2021, rather than to the end of 2020 as originally planned. Full production will not resume until market conditions signal a need for more uranium, it said.

Date: Wednesday, 28 August 2019
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Energoatom and Cameco have signed a memorandum of cooperation and understanding as part of the Ukrainian nuclear power plant operator's strategy to diversify its nuclear fuel supply. The document was signed yesterday at the uranium producer's headquarters in Saskatoon, Canada.

Date: Tuesday, 27 August 2019
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