Learn how uranium is mined, milled and processed at Cameco
In Uranium Part 2 - watch how uranium is turned into fuel at our fuel manufacturing facilities in Ontario.
Video courtesy of How It's Made, a Discovery Communications, Science Channel program
Cameco is a prominent supplier of uranium processing services required to produce fuel for the generation of clean electricity. We operate the world's largest commercial refinery in Blind River, have about 24% of the world UF6 primary conversion capacity in Port Hope, and are a leading manufacturer of fuel assemblies and reactor components for CANDU reactors at our facilities in Port Hope and Cobourg.
Our focus is on cost-competitiveness and operational efficiency. Our fuel services segment is strategically important because it helps support the growth of the uranium segment. Offering a range of products and services to customers helps us broaden our business relationships and expand our uranium market share.
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2021 Q3 Update
Fuel services produced 1.4 million kgU in the third quarter, 30% lower than the same period last year. For the first nine months, production was 7.1% higher than the same period last year due to the impact of the temporary suspension of production in 2020 resulting from the precautionary measures taken for the COVID-19 pandemic.
We expect to produce between 11.5 million and 12.5 million kgU in 2021. This is reduced from the previous forecast due to a temporary restriction in the supply of hydrogen to our conversion facility. The supply constraint is expected to be resolved in the fourth quarter and we expect no impact on customer deliveries this year.
The potential for post pandemic impacts on materials, reagents and labour remains uncertain and could introduce potential risk to the production rate in 2022.
We have submitted our applications and required documentation to the Canadian Nuclear Safety Commission for a licence renewal for the Blind River refinery and CFM. The current licences expire on February 28, 2022.
Cameco's Blind River operation is the world's largest uranium refinery producing an intermediate product in the nuclear fuel cycle.
The Port Hope Conversion Facility provides uranium dioxide (UO2) and uranium hexafluoride (UF6) conversion services for nuclear operators around the world.
Cameco Fuel Manufacturing produces fuel bundles for CANDU reactors and also provides reactor components and consulting services to CANDU operators around the world.