Home » Newswire » Huge impact on northern Sask. as COVID-19 shuts uranium mine – National Observer
Huge impact on northern Sask. as COVID-19 shuts uranium mine – National Observer
by ahnationtalk onApril 3, 202059 Views
April 2nd 2020
The economic cost of COVID-19 is hitting northern Saskatchewan — causing closures and lost jobs. Cameco’s shutdown of the Cigar Lake mine, combined with that of partner company Orano Canada’s McClean Lake mill, are now taking place. Real and far-reaching impacts of these closures have started to hit home.
Cameco corporation announced in March that the company is temporarily suspending production at Cigar Lake uranium mine and is placing the facility in care and maintenance mode due to the threat posed by the COVID-19 pandemic. Impact on the ground is starting to play out.
Cameco Corp is the biggest publicly traded uranium company in the world and accounted for 18 per cent of production worldwide in 2015. It is also an economic staple for north Saskatchewan. Cameco’s partner, Orano Canada Inc., simultaneously shuttered its McClean Lake mill where ore from Cigar Lake is processed.