Canadian uranium production down

20 February 2009

While production from Areva's McClean Lake uranium mine recovered strongly after the lows of 2006-7, Cameco reported reduced production from both its McArthur River and Rabbit Lake mines, reducing the country's total to the lowest level since 1999. This was due to various equipment and process problems at the Key Lake mill which Cameco said had been addressed. Its financial results however did not reflect this, due to increased sales volumes and prices. Total Canadian production was 9000 tonnes of uranium: 6383 tonnes at McArthur River, 1368 tonnes at Rabbit Lake, and 1249 tonnes at McClean Lake.