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Uranium in Canada

|Includes: ARVCF, Cameco Corporation (CCJ)

In a recently updated report on uranium mining in Canada, the World Nuclear Association details Canada’s significant role in meeting future world demand.

Last year Canada produced 11,977 tonnes of uranium oxide, about 22% of world production, placing Canada second to Kazakhstan’s 16,400 tonnes and ahead of Australia’s 9413 tonnes.

Most of the production came from Cameco’s McArthur River mine, which produced 8654 tonnes. The rest came from Rabbit Lake, which produced 1706 tonnes, and McClean Lake for 1637 tonnes.

The report sees uranium production in Canada increasing by more 10,000 tonnes annually as several new mines go into operation after 2011, notably Cameco’s Cigar Lake mine and Areva’a Midwest mine, both in northern Saskatchewan.

Active exploration carried out by more than 40 companies continues in many parts of Canada. While concentrated in the Athabasca basin, exploration continues in Nunavut, Northwest Territories, Quebec Labrador and Ontario.

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