Friday, April 20, 2007

Flood at Canada Uranium Mine Is Tied to Blasting, Poor Pumping by Cameco

(Bloomberg) -- Cameco Corp. announced at 2:11 a.m. on Oct. 23 that its Cigar Lake uranium mine in northwest Canada had flooded after a ``rock fall,'' jeopardizing the world's richest undeveloped source of nuclear fuel.

In the six months since, Cameco has said little about the circumstances behind a disaster that will delay production at its $25.5 billion claim for up to three years.


Read more at Bloomberg Exclusive News

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