CKOM – (sept. 24, 2015) Cigar Lake mine starts production after finding one of world’s richest uranium deposits in 1981
“On a stretch of land in Northern Saskatchewan a cluster of buildings mark the entrance to the Cigar Lake uranium mine. After being discovered in 1981, Cameco and AREVA officially marked the start of production Wednesday [Sept. 23, 2015] with a ribbon cutting and underground tour.”
” . . . Discovered in the Athabasca Basin, it is one of the richest uranium deposits ever found.”
Item: CBC News (Mar. 23, 2014) – Cameco now mining ore at Cigar Lake
“Cameco is now mining and shipping uranium at its long-delayed Cigar Lake mine in northern Saskatchewan.
The Saskatoon-based company said Thursday that ore production has begun at the site, which has been slow getting off the ground after a catastrophic flood in 2006.
Ore is being transported to the McClean Lake mill, located 70 kilometres to the northeast, which is operated by AREVA Resources Canada Inc., a minority owner of the mine.”
“. . . . The uranium deposit at Cigar Lake is expected to be one of the richest in the world, but getting to this point hasn’t been cheap — as of late last year, the capital costs were around $2.6 billion.”
Cameco (CCO) CCJ, announced today that production from the Cigar Lake mine in northern Saskatchewan has surpassed 10 million pounds of uranium concentrate (Cameco’s share 5 million pounds).
The Cigar Lake mine is owned by Cameco (50.025%), AREVA Resources Canada Inc. (37.1%), Idemitsu Canada Resources Ltd. (7.875%) and TEPCO Resources Inc. (5.0%) and is operated by Cameco.
“On December 3, the first consignment of Canadian uranium Cameco has ever sold to India reached the Port of Mumbai. This delivery is part of an agreement for Cameco to deliver 7.1 million pounds of uranium concentrate to India through 2020.”
MarketWatch – (Apr 24, 2015) – The uranium trade is about to go nuclear
The market for uranium is showing signs of life just over four years since Japan’s massive earthquake and tsunami caused the worst nuclear disaster in a quarter century.
Japan has plans to restart some nuclear reactors this year, the first since all of them in the country were eventually shut down in the wake of the March 2011 Tohoku earthquake, tsunami and Fukushima Daiichi nuclear plant disaster.
“As a relatively cheap and clean source of energy, the demand for nuclear energy has been growing for fundamental reasons that even the Fukushima accident couldn’t derail,” said Brien Lundin, publisher of Gold Newsletter [ sounds like persistent internet troll, Silver & Gold man – F.C. ], which covers the entire metals and natural-resource sector.
(Dec 14, 2015) – Cigar Lake Achieves Production Milestone
“Cameco (CCO) CCJ, announced today that production from the Cigar Lake mine in northern Saskatchewan has surpassed 10 million pounds of uranium concentrate (Cameco’s share 5 million pounds).
The Cigar Lake mine is owned by Cameco (50.025%), AREVA Resources Canada Inc. (37.1%), Idemitsu Canada Resources Ltd. (7.875%) and TEPCO Resources Inc. (5.0%) and is operated by Cameco .”
Cameco stock = CA:CCO
The area – info
CANADA / JAPAN – Partners in Crime!
TEPCO Press Release – Dec 22,2004 – Cigar Lake Uranium Mine Project, Canada to Begin Construction:- One of the World’s Largest, High-Grade Uranium Mine Project Goes Ahead
The Joint Venture consists of 4 partners: TEPCO Resources Inc. (Canada), TEPCO's wholly-owned subsidiary, CAMECO (Canada), COGEMA (France), and a subsidiary of Idemitsu Kosan Co., Ltd. (Canada). TEPCO Resources Inc. owns 5% interest of Cigar Lake uranium mine project. The project has so far devoted itself to prepare for the construction, including licensing and detailed engineering. The decision to proceed with the construction was officially resolved among the Joint Venture partners at the Joint Venture Management Committee meeting held in Saskatchewan on December 21, 2004 (Japan time) and Canadian Nuclear Safety Commission approved the construction license on the same day.
“SASKATCHEWAN – Saskatoon-based Cameco Corp. says it plans to boost the production rate at the Cigar Lake uranium mine to 16 million packaged lb of uranium concentrate. The company’s share will be 8 million lb, with the balance shared by its partners Areva Resources Canada (37%), Idemitsu Canada Resources (8%), and Tepco Resources (5%).
Ore from the Cigar Lake mine is treated at the McClean Lake uranium mill operated by Areva. With the increase in Cigar Lake ore, the throughput of the mill must be raised to 16 million lb U3O8 per year from the current rate of 13 million lb. Operator Areva will apply to the Canadian Nuclear Safety Commission for permission to increase production. . . . “
Japan Oil, Gas and Metals National Corp. (JOGMEC) did the deal!
MAP (Click on image for Full Size) –
Who owns what:
50.025％ | CAMECO （Operator, Canada）
37.100％ | COGEMA （Canadian subsidiary, aka COGEMA Resources Inc.）
7.875％ | Idemitsu Kosan （Canadian subsidiary, aka Idemitsu Uranium Exploration Canada Ltd.）
5 ％ | TEPCO （Canadian subsidiary, aka TEPCO Resources Inc.）
2011 – Yoichi Shimatsu writes about TEPCO’s Hidden Connections – Tepco “Compensation” For Fukushima Nuclear Crisis Is A Political Fraud
“These secret overseas funds are difficult to track down since funds can be routed through any of Tepco’s 258 affiliated companies.”
“Its long-term business relationship with Toshiba and Hitachi are hidden in Japan’s opaque system of cross-holdings of shares between related companies“
SEE ALSO –
“Early US Atomic Energy Commission-WHOI [Woods Hole Oceanographic Inst.] research is found below, indicating that Ken Buessler (WHOI) and Jay Cullen’s testing is not thorough enough. Their research is clearly inadequate to evaluate the impact of the ongoing Fukushima nuclear disaster on life in the Pacific. Given their funding-ties to the nuclear-military industrial complex, should one be surprised? They are getting a lot of governmental funding, and in the case of WHOI, foreign partnerships-funding, including the University of Tokyo!
Of course, Jay Cullen’s funding source frequently “partners” with Cameco, which co-owns a major, newly opened, uranium mine with TEPCO at Cigar Lake.”
Yoichi Shimatsu – In Defense of Dana Durnford
“Jay Cullen, for example, is employed by the University of Victoria on the British Columbia, Canada coast.
The University of Victoria is funded by the Canadian federal government.
Canada is the number two exporter of uranium worldwide and a major exporter of nuclear reactors, just like the ones that have been melting down non-stop, 24/7, for four-and-a-half years now at Fukushima, Japan.”
“. . . . northern Saskatchewan – my home province – is the second largest producer of uranium in the world. This is where the uranium is mined – mainly from McArthur River, the largest uranium mine in the world.
We’re doing what we can to get back to number one, too. Uranium production in Saskatchewan is on the upswing after the opening of a new mine at Cigar Lake in March 2014.”
Nuclear Proctologist – Fukushima Radioactive Fallout in Canada has wrecked the ocean and coast lines
* * * * * * * * * * * * * * * * * *
Dr. Leuren Moret says, “About 7 years ago I was invited to campaign against uranium mining in Canada (during a big election) at the request of MP Atamanenko representing the Cootenays (Mtn. range west of the Rockies) in British Columbia/Alberta area. I spent a lot of time and research learning about uranium and other deposits of minerals in Canada, including Cigar Lake.
QEII owns all of the mineral rights to the entire Commonwealth including Canada and she owns all the people too. The uranium deposits are very interesting including the geology of Canada and the United Plates of America (tectonic plates). I also learned a lot about the impact on the environment from the uranium mining activities – and public health.
Vancouver is a big big, big center of metals and mining speculation and stocks in Canada – and its all very corrupt and crooked. I was writing so much and doing interviews about 5 years ago online that my information started showing up on big mining investors websites. It was pretty exciting, but I also learned how dirty and fraudulent most of the non-existing mining companies really are where people get conned into investing into mining companies that are just a front for stealing money.”
Queen’s University is Uranium U. too!
“Uravan is a Calgary; Alberta based R&D mineral exploration company specializing in uranium exploration….
…in 2008 Uravan entered into a multi-year collaborative research agreement with QFIR at Queen’s University [!!!]. QFIR was established in 1997 under the direction of Dr. Kurt Kyser. Research interests at QFIR include stable isotope geochemistry, evolution of fluids in basins, low-temperature geochemistry, geochronology and fluid-rock interactions. The focus of the Uravan-QFIR collaborative work is the study of uranium deposit geology...”
LINK – http://youtu.be/uXtfyxkZFtc