Cigar Lake gets pricier

CAMECO has targeted 2010 as the year for its Cigar Lake uranium joint venture to be brought online as its share of total construction costs soar from its previous estimate to $C508 million ($A544 million), with an additional $46 million for its share of flood remediation costs.

Cigar Lake gets pricier Cigar Lake gets pricier Cigar Lake gets pricier Cigar Lake gets pricier Cigar Lake gets pricier

In an announcement, the world’s largest uranium producer said it had initially estimated $330 million in capital costs to bring Cigar Lake into production, however due to the extended construction

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