Mining began in June, 2013 at the Cigar Lake Uranium mine in Canada. The first packaged pounds of uranium from the massive Cigar Lake project is expected before the end of year. Cigar Lake is 50% owned by Cameco(France’s Areva holds 37%). It is the world’s second largest high-grade uranium deposit (Cameco’s McArthur Lake being the largest) boasting U3O8 grades 100 times the global average.
Cigar Lake uranium production is expected to ramp up to 8,200 t/y U3O8 (7,000 tU/y) over four years from production start in mid 2013. Known resources are 150,000 tonnes U3O8 at about 17% average grade, and with other resources the mine is expected to have a life of at least 30 years.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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