The rock Saskatchewan. [Cameco's role in uranium industry]

Journal Article · Mon Feb 01 04:00:00 EST 1993 · NUKEM Market Report; (United States)

OSTI ID:6992806

These have been pretty rough times for Uranium producers. Whether they are going to get better anytime soon is open to debate. But one thing is certain: If any producer is going to meet the challenges ahead, it's Cameco. When it comes to uranium, there is no question that Cameco is a global powerhouse. Cameco is capable of supplying about 15% of Western World uranium demand [120 million pounds]. It is arguably the world's lowest-cost producer, primarily because it owns the highest-grade ore deposits in the world at Key Lake and Rabbit Lake in the uranium-rich Athabasca basin of Saskatchewan. [Cameco owns two-thirds of and operates Key Lake and Rabbit Lake; the other third is owned by Uranerz Exploration Mining]. The ore grades at these two mines are 1.6% uranium at Key Lake and 2% at Rabbit Lake, surpassing the average ore grades of Cameco's chief competitors, Cogema of France and ERA of Australia. Furthermore, Cameco operates and owns the lion's share of several undeveloped mines that contain some of the richest ore in the world.

• OSTI ID: 6992806
• Journal Information: NUKEM Market Report; (United States), Journal Name: NUKEM Market Report; (United States); ISSN NMREEO
• Country of Publication: United States
• Language: English

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