Cameco Allowed To Carry Forward Shortfall

Cameco Allowed To Carry Forward Shortfall

Tuesday, June 30, 2009 at 15:28

The Canadian Nuclear Safety Commission has amended the operating license at the Key Lake uranium mill.

The commission has given the operation’s owner, Cameco, more flexibility when it comes to production at Key Lake.

Each year, the company is allowed to process 7.2 million kilograms of uranium at Key Lake.

If they don’t process the full amount, however, the shortfall is lost.

Now, however, the commission is allowing Cameco to carry the shortfall forward, so it can be reclaimed at a later time.

Cameco says the move will allow the company more flexibility when it comes to planning mill shutdowns, re-starts and maintenance work.