Areva begins processing uranium from Cameco’s Cigar Lake – Mining.com

October 9, 2014

French nuclear group Areva SA (EPA:AREVA) has begun processing uranium ore at its Canadian mill at McClean Lake, bringing a new source of the radioactive metal to market after delays.

The mill, located northern Saskatchewan, has been undergoing modifications since 2010 to allow it to process ore from Cameco’s  (TSX:CCO), (NYSE: CCJ) $2.6 billion Cigar Lake mine, which is set to become one of the world’s biggest by 2018.

The facility is expected to produce up to 1 million pounds of uranium concentrate from Cigar Lake ore this year and ramp up to 18 million pounds by 2018.

Read More: http://www.mining.com/areva-begins-processing-from-camecos-cigar-lake-15826/