Tag Archives | Uranium

Australia Prepares to Overtake Canadian Uranium Production – by Marilyn Scales

Marilyn Scales is a field editor for the Canadian Mining Journal, Canada’s first mining publication. She is one of Canada’s most senior mining commentators.

Australia will quadruple uranium production pushing itself ahead of Canada as the world’s largest producer. Australian state premier Mike Rann made this boast to a group of Indian journalists at the Citi Australia and new Zealand Investment conference earlier this month, according to a report in The Hindu of March 8, 2009.

The single project that would rocket Australian uranium production ahead of Canadian is the expansion of BHP Billiton’s Olympic Dam mine. The company is looking at the feasibility of expanding output from 4,300 t/y to 19,000 t/y. That would create a single mine that could produce 35% of the world’s current uranium needs.

The newspaper account did not specify whether all those tonnes per year were elemental uranium or uranium oxide. A quick peek at the BHP Billiton website confirmed that the annual output is tonnes of U3O8.

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Cameco Corporation President and CEO Gerald W. Grandey – Speech at the BMO Global Metal and Mining Conference

Cameco Corporation President and CEO Gerald W. GrandeyGood morning.

Thank you for the invitation to speak to you today. I am delighted to be here in Florida, one of the states leading the way in the drive for new nuclear generating capacity in the United States.

2008 marks Cameco’s 20th anniversary. And while history has delivered its ups and downs, the future of Cameco and the nuclear industry are exciting and robust. Today, I want to impress upon you the strength of Cameco and my enthusiasm for our ability to address current challenges, seize opportunities and pursue our vision to be a dominant nuclear energy company.

Cameco is built upon an unparalleled uranium asset base, vertically integrated operations, a long-term contracting strategy, and a team of the industry’s most talented and dedicated people. We are an industry leader, delivering increasing returns amidst the growing momentum in the nuclear industry.

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Cameco Corporation President and CEO Gerald W. Grandey – An Introduction

Cameco Corporation President and CEO Gerald W. GrandeyGerald W. Grandey was appointed chief executive officer of Cameco Corporation on January 1, 2003.  He joined Cameco in 1993 as senior vice-president marketing and corporate development.

Prior appointments include vice-chair and chief executive officer of The Concord Mining Business Unit and president of Energy Fuels, an American coal and uranium mining company.

Grandey practiced law in the mid ’70s with a major Denver law firm specializing in mineral financing, natural resources and environmental law.  He graduated from the Colorado School of Mines in 1968 with a degree in geophysical engineering and, after serving two years in the US military, received his law degree from Northwestern University in 1973.

Grandey is a past-president of the Uranium Producers of America and currently serves on the boards of the Nuclear Energy Institute and Bruce Power and is past vice-chair of the World Nuclear Association.

Cameco Corporation is the world’s largest uranium producer accounting for 20% of world production from its mines in Canada and the US. The company’s leading position is backed by 500 million pounds of proven and probable reserves and extensive resources. Cameco holds premier land positions in the world’s most promising areas for new uranium discoveries in Canada and Australia as part of an intensive global exploration program.

Cameco is also a leading provider of processing services required to produce fuel for nuclear power plants, and generates 1,000 MW of clean electricity through a partnership in North America’s largest nuclear generating station located in Ontario, Canada.