OWNERSHIP:

Cameco Corporation (70%)
AREVA Resources (30%)

OPERATOR:

Cameco Corporation

DISCOVERED:

1988 by Cameco Corporation

OPERATION:

The McArthur River operation is the world's largest, high-grade uranium mine, contributing to 15% of the world's uranium production. It began operation in December 1999.

 

CAPACITY:

The McArthur River operation is licensed to mine up to 18.7 million lbs. U₃O₈ (7,200 tonnes uranium) annually on average, not to exceed 21.1 million lbs. U₃O₈ (8,100 tonnes uranium) in any given year. McArthur River uranium ore is processed at the Key Lake operation.

 

PRODUCTION:

19.1 million lbs. U₃O₈ (7,346 tonnes uranium) in 2009; ore is processed at the Key Lake operation

 

RESERVES:

335.2 million lbs. U₃O₈ (128,933 tonnes uranium) with an average grade of 19.5% U₃O₈

 

PLANS FOR 2010:

• Development work to transition to new orebody zones.
• Continue exploration to expand the resource base of the mine.

2009