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Re: Atomic Bubble?
Originally posted by Mega View Post
I wouldn't be so sure about that. From Cameco:"...The Cigar Lake mine in Saskatchewan, Canada, the world’s largest undeveloped high-grade deposit, jointly owned by Areva and Cameco of Canada, will open next year. It is one of eight that will begin producing in the next 12 months..."
According to Cameco it poured 2000 cubic metres of concrete behind the inflatable seal in its latest attempt to block the water inflow.Cameco Updates Progress at Cigar Lake
Saskatoon, Saskatchewan, Canada, October 23, 2009
Cameco Corporation (TSX: CCO; NYSE: CCJ) announced today that dewatering of the underground development of the Cigar Lake project has resumed.
The inflow on the 420 metre level that forced suspension of dewatering on August 12, 2008 has been remediated by remotely placing an inflatable seal between the shaft and the source of the inflow and subsequently backfilling and sealing the entire development behind the seal with concrete and grout. The 420 level is not part of future mine plans.
It is currently expected to take six to 12 months to dewater and secure the mine depending on what conditions are found in the shaft and the underground workings...
...Cameco will provide an estimated production start date after the water has been pumped out of the mine, the condition of the underground development has been assessed, and the findings incorporated in the new mine development and production plans...
2009 Cigar Lake Q3 Remediation Update
Updated Nov. 2, 2009
We continue to make progress in remediating the inflow that occurred Aug. 12, 2008 during the dewatering of the underground workings.
On Oct. 23, 2009, we announced that dewatering of the underground development at Cigar Lake had resumed. Dewatering is progressing as planned.
We will provide new estimates of the planned production date and capital cost after the mine has been dewatered, the condition of the underground has been evaluated and the mine plan has been updated to reflect any resulting information.
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