Uranium Report 2018 Everything You Need to Know About Uranium!

Total Page:16

File Type:pdf, Size:1020Kb

Uranium Report 2018 Everything You Need to Know About Uranium! Uranium Report 2018 Everything you need to know about uranium! www.resource-capital.ch | [email protected] Disclaimer Dear reader, on the investment – to further obligations for example published contents with the greatest possible dili- additional payment liabilities. In general, purchase gence to guarantee that the used and underlying Please read the complete disclaimer in the fol- and sell orders should always be limited for your own data as well as facts are complete and accurate and lowing pages carefully before you start reading protection. the used estimates and made forecasts are realistic. this Swiss Resource Capital Publication. By using Therefore, liability is categorically precluded for pe- this Swiss Resource Capital Publication you This applies especially to all second-line-stocks in cuniary losses which could potentially result from use agree that you have completely understood the the small and micro cap sector and especially to ex- of the information for one’s own investment decision. following disclaimer and you agree completely ploration and resource companies which are discus- with this disclaimer. If at least one of these point sed in the publications of Swiss Resource Capital AG All information published in publications of Swiss does not agree with you than reading and use of and are exclusively suitable for speculative and risk Resource Capital AG reflects the opinion of the res- this publication is not allowed. aware investors. But it applies to all other securities pective author or third parties at the time of reparation as well. Every exchange participant trades at his own of the publication. Neither Swiss Resource Capital AG We point out the following: risk. The information in the publications of Swiss Re- nor the respective authors can be held responsible for source Capital AG do not replace an on individual any resulting pecuniary losses. All information is sub- Swiss Resource Capital AG and the authors of needs geared professional investment advice. In spi- ject to change. Swiss Resource Capital AG as well as the Swiss Resource Capital AG directly own and/ te of careful research, neither the respective author the respective authors assures that only sources or indirectly own shares of following Companies nor Swiss Resource Capital AG will neither guarantee which are deemed reliable and trustworthy by Swiss which are described in this publication: Anfield nor assume liability for actuality, correctness, mista- Resource Capital AG and the respective authors at Energy , Appia Energy, Blue Sky Uranium Corp., kes, accuracy, completeness, adequacy or quality of the time of preparation are used. Although the as- Denison Mines, Energy Fuels, Fission 3.0, Fission the presented information. For pecuniary losses re- sessments and statements in all publications of Swiss Uranium, GoviEx, Laramide Resources, Skyhar- sulting from investments in securities for which infor- Resource Capital AG were prepared with due diligen- bour Resources, Uranium Energy. mation was available in all publications of Swiss Re- ce, neither Swiss Resource Capital AG nor the res- source Capital AG liability will be assumed neither by pective authors take any responsibility or liability for Swiss Resource Capital AG has closed IR Swiss Capital Resource AG nor by the respective the actuality, correctness, mistakes, accuracy, com- consultant contracts with the following compa- author neither explicitly nor implicitly. pleteness, adequacy or quality of the presented facts nies which are mentioned in this publication: or for omissions or incorrect information. The same Fission 3.0, Fission Uranium, Uranium Energy. Any investment in securities involves risks. Politi- shall apply for all presentations, numbers, designs cal, economical or other changes can lead to signifi- and assessments expressed in interviews and videos. Swiss Resource Capital AG receives compen- cant stock price losses and in the worst case to a sation expenses from the following companies total loss of the invested capital and – depending on Swiss Resource Capital AG and the respective au- mentioned in this publication: Anfield Energy, Ap- the investment – to further obligations for example thors are not obliged to update information in publi- pia Energy, Blue Sky Uranium Corp., Denison Mi- additional payment liabilities. Especially investments cations. Swiss Resource Capital AG and the respec- nes, Energy Fuels, Fission 3.0, Fission Uranium, in (foreign) second-line-stocks, in the small and micro tive authors explicitly point out that changes in the GoviEx, Laramide Resources, Skyharbour Re- cap sector, and especially in the exploration and re- used and underlying data, facts, as well as in the sources, Uranium Energy. source companies are all, in general, associated with estimates could have an impact on the forecasted an outstandingly high risk. This market segment is share price development or the overall estimate of Therefore, all mentioned companies are spon- characterized by a high volatility and harbours dan- the discussed security. The statements and opinions sors of this publication. ger of a total loss of the invested capital and – depen- of Swiss Capital Resource AG as well as the respec- ding on the investment – to further obligations for tive author are not recommendations to buy or sell a example additional payment liabilities. As well, small security. Risk Disclosure and Liability and micro caps are often very illiquid and every order should be strictly limited and, due to an often betterISIN: NeitherAU000000BGS0 by subscription nor by use of any publica- Swiss Resource Capital AG is not a securities ser- pricing at the respective domestic exchange, should tion of Swiss Resource Capital AG or by expressed Birimian Limited A1JQXE vice provider according to WpHG (Germany) and be traded there. An investment in securities with lowWKN: recommendations or reproduced opinions in such a BörseG (Austria) as well as Art. 620 to 771 obliga- liquidity and small market cap is extremely speculatiFRA:- publication N9F will result in an investment advice cont- tions law (Switzerland) and is not a finance company ve as well as a high risk and can lead to, in the worstASX: ract orBGS investment brokerage contract between according to § 1 Abs. 3 Nr. 6 KWG. All publications of case, a total loss of the invested capital and – depen- Swiss Resource Capital AG or the respective author the Swiss Resource Capital AG are explicitly (inclu- ding on the investment – to further obligations forAktien and ausstehend: the subscriber of178,1 this publication. Mio. ding all the publications published on the website example additional payment liabilities. Engagements Optionen: 28,9 Mio. http://www.resource-capital.ch and all sub-websites in the publications of the shares and products pre- Investments in securities with low liquidity and (like http://www.resource-capital.ch/de) and the sented in all publications of Swiss Resource CapitalWarrants: small market - cap are extremely speculative as well as website http://www.resource-capital.ch itself and its AG have in part foreign exchange risks. The depositVollverwässert: a high risk. Due 207,0 to the Mio.speculative nature of the pre- sub-websites) neither financial analysis nor are they portion of single shares of small and micro cap com- sented companies their securities or other financial equal to a professional financial analysis. Instead, all panies and low capitalized securities like derivativesKontakt: products it is quite possible that investments can publications of Swiss Resource Capital AG are exclu- and leveraged products should only be as high that, lead to a capital reduction or to a total loss and – de- Birimian Limited sively for information purposes only and are expres- in case of a possible total loss, the deposit will only pending on the investment – to further obligations for sively not trading recommendations regarding the marginally lose in value. Suiteexample 9, 5 Centro additional Avenue payment liabilities. Any invest- buying or selling of securities. All publications of All publications of Swiss Resource Capital AG areSubiaco ment WAin warrants, 6008 leveraged certificates or other fi- Swiss Resource Capital AG represent only the opini- exclusively for information purposes only. All infor- nancial products bears an extremely high risk. Due to on of the respective author. They are neither explicitly mation and data in all publications of Swiss ResourceTelefon: political, +61 economical 8-9286-3045 or other changes significant nor implicitly to be understood as guarantee of a par- Capital AG are obtained from sources which are stock price losses can arise and in the worst case a Fax: +61 8-9226-2027 ticular price development of the mentioned financial deemed reliable and trustworthy by Swiss Resource total loss of the invested capital and – depending on instruments or as a trading invitation. Every invest- Capital AG and the respective authors at the time of the investment – to further obligations for example ment in securities mentioned in publications of Swiss preparation. Swiss Resource Capital AG and [email protected] additional payment liabilities. Any liability claim for Resource Capital AG involve risks which could lead Swiss Resource Capital AG employed or engagedwww.birimiangold.com foreign share recommendations, derivatives and fund to total a loss of the invested capital and – depending persons have worked for the preparation of all of the recommendations are in principle ruled out by Swiss (Quelle:
Recommended publications
  • View Annual Report
    The Future is Nuclear 2005 ANNUAL REPORT Bridging the Gene Producing affordable, clean energy while achieving a sustainable balance between increasing electricity demand and environmental stewardship – this is the promise and potential of a future powered by nuclear energy. It’s why a new generation is opting for nuclear as a reliable and secure energy choice. Cameco is poised and ready to support the new generation. We are a company with the expertise and capacity to deliver the benefits of nuclear energy – starting right now. As the world’s largest uranium producer, Cameco already provides about 20% of global uranium production from the richest mines on the planet. We are also expanding our production by developing two new mines. The company is looking ration Gap to the long-term nuclear future, seeking new reserves OUR PROFILE through a global exploration program with emphasis Cameco, with its head office in in North America and Australia. In nuclear fuel Saskatoon, Saskatchewan, is the production, Cameco has 38% of the western world’s world’s largest uranium producer UF6 conversion capacity, and provides conversion as well as a significant supplier of services and fuel fabrication for Candu reactors. conversion services. The company’s Power production rounds out Cameco’s nuclear competitive position is based on its focus, with 1,000 MW of nuclear power in Ontario. controlling ownership of the world’s largest high-grade reserves and low- A new generation, attentive to the wisdom of cost operations. Cameco’s uranium scientists, environmentalists and consumers, products are used to generate clean understands the future is nuclear.
    [Show full text]
  • + 2020 Annual Information Form
    Denison Mines Corp. 2020 Annual Information Form March 26, 2021 ABOUT THIS ANNUAL INFORMATION FORM This annual information form (“AIF”) is dated March 26, Table of Contents 2021. Unless stated otherwise, all of the information in this AIF is stated as at December 31, 2020. About this AIF .................................... 1 About Denison ................................... 6 This AIF has been prepared in accordance with Canadian Developments over the Last Three securities laws and contains information regarding Years ................................................. 8 Denison’s history, business, mineral reserves and The Uranium Industry ........................ 17 resources, the regulatory environment in which Denison Mineral Resources and Reserves 24 does business, the risks that Denison faces and other Mineral Properties ............................. 27 important information for Shareholders. Athabasca Exploration: Sampling, Analysis and Data Verification ........... 102 This AIF incorporates by reference: Denison Operations ........................... 107 Manager of UPC ................................ 111 Denison’s management discussion and analysis (“MD&A”) for the year ended December 31, 2020, Denison Closed Mines Group ........... 112 Environmental, Health, Safety and Denison’s audited consolidated financial Sustainability Matters ........................ 112 statements for the year ended December 31, 2020, Government Regulation .................... 114 Risk Factors ...................................... 120 both of which
    [Show full text]
  • 20170828-Jason-Cameron-Nuclear-Infrastructure-Council-Eng.Pdf
    THE CANADIAN NUCLEAR SAFETY COMMISSION PRESENTATION TO THE USNIC TRADE MISSION TO CANADA Jason Cameron, Vice-President Canadian Nuclear Safety Commission nuclearsafety.gc.ca August 28, 2017 – Ottawa, Ontario Canadian Nuclear Safety Commission • Regulates the use of nuclear energy and materials to protect health, safety, security and the environment • Implements Canada's international commitments on the peaceful use of nuclear energy • Disseminates objective scientific, technical and regulatory information to the public Canada’s nuclear watchdog We will never compromise safety! Canadian Nuclear Safety Commission 2 Canadian Nuclear Safety Commission • Established in May 2000, under the Nuclear Safety and Control Act • Replaced the Atomic Energy and Control Board (AECB) under the 1946 Atomic Energy Control Act More than 70 years of ensuring nuclear safety Canadian Nuclear Safety Commission 3 CNSC Regulates All Nuclear-Related Facilities and Activities • Uranium mines and mills • Uranium fuel fabrication and processing • Nuclear power plants • Nuclear substance processing • Industrial and medical applications • Nuclear research and educational activities • Transportation of nuclear substances • Nuclear security and safeguards • Export/import control • Waste management facilities …From cradle to grave Canadian Nuclear Safety Commission 4 Independent Commission • Quasi-judicial administrative tribunal • Agent of the Government of Canada (the Crown) • Reports to Parliament through Minister of Natural Resources • Commission members are independent and part-time • Commission hearings are public and Webcast • All presentations, including staff’s, are public • Decisions can only be reviewed by Federal Court Transparent, science-based decision-making Canadian Nuclear Safety Commission 5 Our Commission Members Dr. Michael Binder President and Chief Executive Officer, CNSC (Term expires May 8, 2018) Dr.
    [Show full text]
  • Presentation to the Canadian Association of Nuclear Host Communities
    CANADIAN NUCLEAR SAFETY COMMISSION nuclearsafety.gc.ca Michael Binder President and Chief Executive Officer Presentation to the Canadian Association of Nuclear Host Communities February 21, 2018 – Ottawa, Ontario nuclearsafety.gc.ca eDOCS: 5437640 The Canadian Nuclear Safety Commission (CNSC) Our Mandate Regulates the use of nuclear energy and materials to protect health, safety, and security and the environment Implements Canada's international commitments on the peaceful use of nuclear energy Disseminates objective scientific, technical and regulatory information to the public We will never compromise safety 2 nuclearsafety.gc.ca The CNSC Regulates All Nuclear Facilities And Activities In Canada Uranium mines and mills Nuclear research and educational activities Uranium fuel fabrication and processing Transportation of nuclear substances Nuclear power plants Nuclear security and safeguards Nuclear substance processing Import and export controls Industrial and medical applications Waste management facilities 3 nuclearsafety.gc.ca CNSC Staff Located Across Canada Fiscal year 2017–18 Human resources: 857 full-time equivalents Financial resources: $148 million (~70% cost recovery; ~30% appropriation) Licensees: 1,700 Licences: 2,500 Headquarters (HQ) in Ottawa 4 site offices at power plants Saskatoon Calgary 1 site office at Chalk River 4 regional offices Chalk River HQ Point Lepreau Laval Bruce Darlington Mississauga Pickering 4 nuclearsafety.gc.ca Independent Commission • Quasi-judicial administrative tribunal • Agent of the Crown (duty to consult) • Reports to Parliament through Minister of Natural Resources • Commission members are independent and part-time • Commission hearings are public and Webcast • Staff presentations in public • Decisions are reviewable by Federal Court Transparent, science-based decision making 5 nuclearsafety.gc.ca Commission Members Dr.
    [Show full text]
  • Comparative Life Cycle Analysis of Base Load Electricity in Ontario
    [Type text] Canadian Energy Research Institute Comparative Life Cycle Assessment (LCA) of Base Load Electricity Generation in Ontario Seyed Jazayeri Paul Kralovic Afshin Honarvar Abbas Naini Jon Rozhon Rami Shabaneh Thorn Walden Prepared for the Canadian Nuclear Association October 2008 Relevant • Independent • Objective COMPARATIVE LIFE CYLE ASESSMENT (LCA) OF BASE LOAD ELECTRICITY GENERATION IN ONTARIO ii Canadian Energy Research Institute v TABLE OF CONTENTS LIST OF FIGURES..........................................................................................................IX LIST OF TABLES............................................................................................................XI ACKNOWLEDGEMENTS ..............................................................................................XIII EXECUTIVE SUMMARY................................................................................................. XV ES1.1 Background .........................................................................................................xv ES1.2 Purpose of the Study ............................................................................................xv ES1.3 Methodology........................................................................................................xv ES1.4 The Process LCA ................................................................................................. xvi ES2 Power Generation in Canada ................................................................................ xvi ES3
    [Show full text]
  • ACCIDENTS, LEAKS, FAILURES and OTHER INCIDENTS in the NUCLEAR INDUSTRIAL and MILITARY 1. 1947, October
    ACCIDENTS, LEAKS, FAILURES AND OTHER INCIDENTS IN THE NUCLEAR INDUSTRIAL AND MILITARY 1. 1947, October - U.S.A., ATLANTIC OCEAN A retired navy pilot Lieutenant-Commander George Earl IV has claimed that he dumped radioactive Waste off the Atlantic seaboard on three flights in 1947. Lt-Commander Earl said he disclosed the radioactive dumping because of the U.S. Government's apparent lack of concern over the possibility of the cannisters leaking. ("The West Australian" - 3rd January 1981) 2. 1950, 13th February - U.S.A., PACIFIC OCEAN A B-36 which developed serious mechanical difficulties on a simulated combat mission, dropped a nuclear weapon from 8,000 ft. over the Pacific Ocean before crashing. Luckily only the weapon's explosive material detonated. Nothing is known of attempts to recover the nuclear weapon and presumably it is still in the ocean. (The Defence Monitor Vol.X No.5 1981 Washington D.C. "The National Times" 15th March 1981) 3. 1950, 11th April - NEW MEXICO, U.S.A. A B-29 crashed into a mountain on Manzano Base approximately three minutes after take-off. The bomb case was demolished and some high explosive material burned. The nuclear components of the weapon were recovered and returned to the Atomic Energy Commission. (The Defence Monitor - Vol.X No.5 19981 Washington D.C. "The National Times" 15th March 1981) 4. 1950, 13th Jul. - OHIO, U.S.A. A B-50 on training mission crashed killing 16 crewmen. The high explosive portion of the weapon aboard detonated on impact. No nuclear capsule aboard the aircraft.
    [Show full text]
  • Canadian Nuclear Safety Commission
    CANADIAN NUCLEAR SAFETY COMMISSION Jason K. Cameron Vice-President, Regulatory Affairs, and Chief Communications Officer NARUC Summer Policy Summit – Committee on International Relations July 15, 2018 – Scottsdale, Arizona OUR MANDATE 2 Regulate the use of nuclear energy and materials to protect health, safety, and security and the environment Implement Canada's international commitments on the peaceful use of nuclear energy Disseminate objective scientific, technical and regulatory information to the public Canadian Nuclear Safety Commission – nuclearsafety.gc.ca THE CNSC REGULATES ALL NUCLEAR FACILITIES 3 AND ACTIVITIES IN CANADA Uranium mines Uranium fuel Nuclear power Nuclear substance Industrial and and mills fabrication and plants processing medical applications processing Nuclear research Transportation of Nuclear security Import and Waste management and educational nuclear substances and safeguards export controls facilities activities Canadian Nuclear Safety Commission – nuclearsafety.gc.ca CNSC STAFF LOCATED ACROSS CANADA 4 Headquarters (HQ) in Ottawa Four site offices at power plants One site office at Chalk River Four regional offices Fiscal year 2017–18 • Human resources: 857 full-time equivalents • Financial resources: $148 million Saskatoon Calgary (~70% cost recovery; ~30% appropriation) • Licensees: 1,700 Chalk River HQ • Licences: 2,500 Point Lepreau Laval Bruce Darlington Mississauga Pickering Canadian Nuclear Safety Commission – nuclearsafety.gc.ca INDEPENDENT COMMISSION 5 TRANSPARENT, SCIENCE-BASED DECISION MAKING • Quasi-judicial administrative tribunal • Agent of the Crown (duty to consult) • Reports to Parliament through Minister of Natural Resources • Commission members are independent and part time • Commission hearings are public and Webcast • Staff presentations in public • Decisions are reviewable by Federal Court Canadian Nuclear Safety Commission – nuclearsafety.gc.ca THE CNSC’S NEW PRESIDENT 6 Ms.
    [Show full text]
  • AECL EACL AECL Research EACL Recherche
    AECL EACL AECL Research EACL Recherche AECL-10851, COG-93-147, SKB TR 94-04 Final Report of the AECL/SKB Cigar Lake Analog Study Rapport definitif d'etude de 1'analogue de Cigar Lake effectuee par EACL et SKB JJ. Cramer, J.A.T Smellie MEr Uranium Deposit Waterbury Lake _ "'-'••• i-'v:-vi;.:,'...-,:,/,J:.™ Weathered Sandstone • i / ' Bleached ' 7 /' Sandstone ' / ' / /, Sandstone /'. / ' .-../ / - Main Groundwater Flow 100 m VOL 27 Ns 17 July 1994juillet AECL Research FINAL REPORT OF THE AECL/SKB CIGAR LAKE ANALOG STUDY Edited by J.J. Cramer (AECL) and J.A.T. Smellie (SKB) Whiteshell Laboratories Pinawa, Manitoba, Canada ROE 1L0 1994 AECL-10851 COG-93-147 SKB TR 94-04 RAPPORT DEFINITIF D'ETUDE DE L'ANALOGUE DE CIGAR LAKE EFFECTUÉE PAR EACL ET SKB Révisé par J. Cramer (EACL) et J. Smellie (SKB) RÉSUMÉ Le gisement d'uranium de Cigar Lake est situé dans le nord de la Saskatchewan au Canada. Ce gisement de 1,3 milliard d'années se trouve à une profondeur d'environ 450 m, sous la surface, dans un grès saturé d'eau au contact de la discordance avec les roches métamorphi- ques Précambriennes du Bouclier canadien. Le minerai d'uranium, qui contient principale- ment de l'uraninite (UO2), est entouré d'un halo riche en argile aussi bien dans le grès que dans le socle, reste très bien conservé et intact. La teneur moyenne du minerai est d'environ 8 % en poids d'U; localement, la teneur peut atteindre d'environ 55 % en poids d'U. Le gisement de Cigar Lake comporte de nombreux éléments qui sont équivalents à ceux en cours d'examen dans le contexte du concept canadien de stockage permanent des déchets de combustible nucléaire.
    [Show full text]
  • CMD 20-M25.A – Presentation from CNSC Staff – Regulatory Oversight
    Regulatory Oversight Report for Uranium Mines and Mills in Canada: 2019 Commission Meeting December 10, 2020 CMD 20-M25.A CNSC Staff Presentation e-Doc 6334201 PPTX e-Doc 6367917 PDF Commission Meeting, December 10, 2020 CMD 20-M25.A – 2019 ROR for Uranium Mines and Mills Presentation Outline • Overview • Uranium mine and mill facilities • CNSC regulatory efforts • CNSC staff assessments • Other matters of regulatory interest • Conclusions SAG mill used to grind ore at the McArthur River Operation. (Photo source: CNSC) 2 Commission Meeting, December 10, 2020 CMD 20-M25.A – 2019 ROR for Uranium Mines and Mills CNSC Regulatory Oversight Reports - 2019 • November 4, 2020: Use of Nuclear Substances in Canada • December 8 to 10, 2020: Canadian Nuclear Laboratories Sites Uranium Processing and Nuclear Substance Processing Facilities Uranium Mines and Mills Canadian Nuclear Power Generating Sites 3 Commission Meeting, December 10, 2020 CMD 20-M25.A – 2019 ROR for Uranium Mines and Mills OVERVIEW 4 Commission Meeting, December 10, 2020 CMD 20-M25.A – 2019 ROR for Uranium Mines and Mills Improvements and Status of Previous Actions (1/3) • 2017 ROR: Plain language summary • 2018 ROR: Orano’s engagement strategy CNSC working agreements with Saskatchewan 5 Commission Meeting, December 10, 2020 CMD 20-M25.A – 2019 ROR for Uranium Mines and Mills Improvements and Status of Previous Actions (2/3) • 2017 ROR: Plain language summary • 2018 ROR: Orano’s engagement strategy CNSC working agreements with Saskatchewan 6 Commission Meeting, December
    [Show full text]
  • The Safety of the Nuclear Fuel Cycle
    Cov-Safety Nuclear FuelCyc 3588 10/10/05 16:04 Page 1 Nuclear Safety The Safety of the Nuclear Fuel Cycle NUCLEAR•ENERGY•AGENCY Nuclear Safety The Safety of the Nuclear Fuel Cycle Third edition © OECD 2005 NEA No. 3588 NUCLEAR ENERGY AGENCY ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT The OECD is a unique forum where the governments of 30 democracies work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies. The OECD member countries are: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The Commission of the European Communities takes part in the work of the OECD. OECD Publishing disseminates widely the results of the Organisation’s statistics gathering and research on economic, social and environmental issues, as well as the conventions, guidelines and standards agreed by its members. * * * This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries.
    [Show full text]
  • Cameco CAMECOCORPORATION
    (c. Cameco CAMECO CORPORATION Corporate Office 2121 — 11th Street West Saskatoon, Saskatchewan Canada S7M 1i3 June 20, 2011 Tel 306.956.6200 Fax 306.956.6201 www.cameco.com VIA COURIER Jean LeClair Brian Torrie Director Director Uranium Mines and Mills Division Environmental Assessment Division Canadian Nuclear Safety Commission Canadian Nuclear Safety Commission 280 Slater Street 280 Slater Street P0 Box 1046, Station B P0 Box 1046, Station B Ottawa, ON K1P 5S9 Ottawa, ON K1P 5S9 Tim Moulding Tareq Al Zabet Manager Director Environmental Protection and Audit Division Environmental Protection and Audit Division Industrial Branch Environmental Assessment Branch Uranium Mines and Northern Operations Saskatchewan Ministry4th of Environment Saskatchewan Ministry of Environment 3211 Albert Street, Floor 112 Research Drive Regina, SK S4S 5W6 Saskatoon, SK S7K 2H6 Dear Sirs: Rabbit Lake Tailings North Pit Expansion Project - Project Description Cameco Corporation’s vision for the future of the Rabbit Lake Operation is continued safe, clean, economic and reliable production, with flexibility to adapt to emerging mining and milling opportunities in the region, while limiting the environmental footprint on the land and drainage systems. This approach of limiting the uranium mining and milling industry’s environmental footprint is consistent with previous joint federal-provincial panel recommendations. In keeping with this vision, please find enclosed a Project Description for the proposed Rabbit Lake Tailings North Pit Expansion. The discovery of additional ore at the Eagle Point mine has necessitated acquiring additional tailings capacity. Cameco believes that the expansion of the NUCLEAR. The Clean Air Energy. Messrs. Torrie, LeClair, Moulding and Zabet June 20, 2011 Page 2 current Rabbit Lake Tailings Management Facility (RLTMF, consisting of the existing Phase 1 Rabbit Lake In-Pit Tailings Management Facility and the existing Phase 2 Pit Crest Expansion) is the best alternative for tailings capacity at the Rabbit Lake Operation.
    [Show full text]
  • Rabbit Lake Uranium Mining A-Zone, D-Zone, Eagle Point
    Federal Environmental Assessment and Review Process INIS-CA—0062 CA9800083 Federal Environmental Assessment Review Office RABBIT LAKE URANIUM MINING A-ZONE, D-ZONE, EAGLE POINT Canada Federal Environmental Assessment and Review Process Federal Environmental Assessment Review Office RABBIT LAKE URANIUM MINING A-ZONE, D-ZONE, EAGLE POINT Report of the Environmental Assessment Panel November 1993 Canada ©Minister of Supply and Services Canada 1993 Cat. No. En105-51/1993E ISBN 0-662-21162-6 RABBIT LAKE URANIUM MINE ENVIRONMENTAL ASSESSMENT PANEL The Honourable Sheila Copps Minister of the Environment House of Commons Ottawa, Ontario K1A 0A6 The Honourable Anne McLellan Minister of Natural Resources House of Commons Ottawa, Ontario K1A0A6 Mr. J.G. McManus Secretary General Atomic Energy Control Board Ottawa, Ontario K1P5S9 In accordance with the terms of reference issued in November 1991, the Environmental Assessment Panel has completed its review of the proposed development of the uranium mining facility at Rabbit Lake in northern Saskatchewan. On behalf of the panel, I am pleased to submit this report for your consideration. Yours sincerely, K. Wayne Hindmarsh Chair Rabbit Lake Uranium Mine Environmental Assessment Panel TABLE OF CONTENTS Page EXECUTIVE SUMMARY 1 1 INTRODUCTION 3 1.1 Project Description 3 1.2 Review Process '. 3 2 OVERALL PROJECT FINDINGS, CONCLUSIONS AND MAJOR RECOMMENDATIONS 7 3 PROJECT ENGINEERING ISSUES 11 3.1 Waste-rock Management 11 3.2 Tailings Management 12 3.3 Decommissioning 13 3.4 Water Use 15 3.5 Safety of Eagle
    [Show full text]