GREY:JNRRF - Post by User
Post by
megphion Apr 07, 2003 4:52pm
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Post# 6004459
McArthur River Mine Shut Down
McArthur River Mine Shut DownCameco has shut down it's McArhtur River mine because it's being flooded at a rate of 2000 gallons a minute. The shut down should last at least two weeks and they should have the area sealed off in a month. This should have an impact on the spot price of uranium since Cameco is the biggest producer in the world.
Maybe Moore Lake's shallow ore body potential will become much more interesting now, especially if the spot price moves up because of this shut down in production.