October 26, 2009

Nuclear Roundup, Cameca Trying Again at Cigar Lake and Germany officially Extends Nuclear Reactors

1. Cameco trying to drain Cigar Lake again. Hope to drain the water in 6 months and then assess mine. Cigar Lake is a big mine with about 176000 tons of uranium reserves and under full production would be expected to produce 9000 tons/year. This would be about 20% of current natural uranium production and about 14% of current uranium demand.

A list of technical options for Cigar Lake

2. German coalition has officially agreed to extend nuclear power plants in Germany

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