Cameco reports on Rabbit Lake flooding

Cameco reported on 3 December that it is making good progress in dealing with a problem of increased water inflow at the Eagle Point mine, but has extended the suspension of mining activities. Cameco announced on 28 November that underground activities at the mine, part of the Rabbit Lake uranium operation, had been suspended as a precautionary measure when the mine experienced an increase of water flow at a time when the capacity of the surface water-handling system was also temporarily reduced due to an equipment upgrade. Work is in progress to permanently seal off the affected area and Cameco points out that the mine's water handling capacity is well able to cope with the increased inflow. However, the company now says that after further assessment it is "allowing additional time before resuming mining activities."