• Cameco's investment in the Inkai in situ recovery mine taps into the vast uranium potential of Kazakhstan.
  • It is operated by joint venture Inkai limited liability partnership that is owned 60% by Cameco and 40% by the Kazakh government through Kazatomprom. 
  • The ISO 14001 and BSI OHSAS 18001 certified facility has followed western standards for worker safety and environmental protection since it began operations in 2008. 
Operation(As of December 31, 2016)
60% Cameco ownership
500 people employed at full production
Production(As of December 31, 2016)
3.5 m lbs U3O8 Annual production trend (Cameco's share)

Q2 2017 Update


Production was 27% lower for the quarter and 32% lower for the first six months compared to the same periods last year due to the timing of new wellfield development and the planned 10% decrease in production for 2017.

Inkai Production

Cameco's Share (million lbs)

  3 months ended
June 30
  6 months ended
June 30
2017 2016 Change 2017 2016 Change 2017 Plan
0.8 1.1 (27)% 1.5 2.2 (32)% 3.1

See full Quarterly Report

Environment & Safety

Worker safety, environmental monitoring and proper decommissioning after project completion are of the utmost importance to Cameco.

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Reserves & Resources

Our mineral reserves and resources are the foundation of our company and fundamental to our success.

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Caution about forward-looking information relating to the JV Inkai Restructuring Agreement

This discussion of our expectations relating to the JV Inkai restructuring agreement is forward-looking information that is based upon the assumptions and subject to the material risks discussed under the heading Caution about forward-looking information beginning on page 2 of our 2016 Q2 MD&A and also on the more specific assumptions and risks listed on page 23 of our 2016 Q2 MD&A. Actual outcomes may vary significantly.