Cameco says Rabbit Lake mine running again

Uranium mining company Cameco Corp. said Thursday it has resumed operations at its Rabbit Lake mine in Saskatchewan much earlier than expected.

The mine was hit with flooding in late November and mining had to be suspended. In early December, Cameco said it would be sometime in the first quarter of this year before operations could resume.

Cameco 3-month TSX chart
The company said Wednesday that crews have found and sealed off the source of the water, an old exploration drill hole. Workers also installed four concrete bulkheads.

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- Posted: 2008-01-02 17:12:28

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