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New Uranium Jobs

Posted: 22/09/2015 8:34:13 AM by Mining Oil and Gas Jobs
Filed under: Mining, Oil-and-gas, Energy

Favorable market conditions and government approvals could see Canadian miner Cameco operating a uranium mine at Yeelirrie, 70km south of Wiluna for 22 years with the associated creation of 225 new jobs, with an emphasis on local employment.

The public environmental review (PER) document was released today, showing Yeelirrie having the ability to produce 7500 to tonnes of uranium oxide, or yellowcake, a year. This product would be packed into drums and transported by road using trucks to Adelaide's port for shipping to nuclear power plant customers.

Cameco advised that the development of Yeelirrie's did not provide an indicative capital budget or start-up date but said up to 1200 construction jobs would be created.

The PER is a key step in the approvals process and will be open for public consultation until December. Cameco acquired Yeelirrie, one of the world's biggest undeveloped uranium projects, in 2012 and has since set about reviewing historic data from previous owners BHP Billiton and WMC and preparing its own development plans.

Cameco's acquisition of the project has coincided with a prolonged collapse in uranium prices that has prevented any new project, including its other WA asset Kintyre in the Kimberley, from being developed.

Yeelirrie's uranium-bearing ore would be accessed via an open pit that would be up to 9km long and 1.5km wide, but only 10m deep. The ore would then be processed using alkaline leaching to produce uranium oxide concentrate. Cameco is one of the world's biggest uranium miners and said it was confident Yeelirrie could be operated safely "with minimal impact on the environment and public amenity".

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