For the years ended December 31, 2007 and 2006
($Cdn thousands except per share amounts and as noted)
Cameco conducts a portion of its exploration, development, mining and milling activities through joint ventures. Cameco's significant uranium joint venture interests are comprised of:
| Producing: | |
McArthur River |
69.81% |
Key Lake |
83.33% |
| Non-producing: | |
Cigar Lake |
50.03% |
Inkai |
60.00% |
Uranium joint ventures allocate uranium production to each joint venture participant and the joint venture participant derives revenue directly from the sale of such product. Mining and milling expenses incurred by the joint venture are included in the cost of inventory. At December 31, 2007, Cameco's share of property, plant and equipment in these joint ventures amounted to $2,037,000,000 (2006 – $1,862,000,000) [note 5].