TEAM : URANIUM

UNDERGROUND MINING
Assignment 1

TEAM MEMBERS

Nikhil Agarwal

CONTENT
1.
2.
3.
4.
5.
6.

Inroductiona
Cigar Lake Mine Nikhil Agarwal
Rabbit Lake Mine Nick Li
Olympic Dam Mine James Mackenzie
Jaduguda Mine Leonardo Lorio
AkoutaMine - Duke

URANIUM RESERVES

URANIUM PRCICES

LOCATION

MINING METHOD

https://www.youtube.com/watch?v=whw1GTVEXW4

ORE BODY AND MINE

DEVELOPMENT

MINE ENTRANCE

OWNERSHIP
Cigar Lake Owenrship

8%

5%
Cameco
Areva Resources
IdemitsuCanada Resources Ltd.
50%

37%

TEPCOResources Inc

ESSENTIAL KNOWLEDGE

Mineral of Interest: U3O8

Grade: 17.8%
Second

Highest Uranium Grade in the world

100 times the average

Proven and Probable Reserves:340,000 Pounds

Mine Life : Until 2021 ( Licensed Till)

PRODUCTION

Target: 18 Million Pounds per annum

COSTS

Past Expenses
$675

construction costs to development Cigar Lake

$86 million in remediation expenses,
$35 million in standby costs

Future Expenses
$429 million remaining capital costs,
$55 million standby costs

CHALLENGES
Poor Ground Condition
A lot of Water
Two Floods

2006
2008

33 years to move from discovery to production!

FLOODING
2006 and 2008 flooding occurred
Reason:

More water coming in then it can be pumped Reason.

drilled and blasted too close to the unstable sandstone
in the Athabasca Basin,

Solution:

Cameco

hired a mini remote-controlled submarines to

detect water flows and radiation,

Learning from failures:

2,550

cubic metres of pumping capacity at the mine

(double)
More Careful drilling and blasting ( away from water)
Bulk Freezing

TOTAL PRODUCTIONS COSTS (CURRENT) AND UNIT COSTS

(OUNCES, TONNE, ETC..) FOR DIFFERENT OPERATIONS