World Nuclear News reports the McClean Lake uranium mill in Saskatchewan, is to be put on stand-by in mid-2010 until market conditions improve as announced by the partners in the project.
McClean Lake is operated and 70% owned by Areva Resources Canada, with Denison Mines holding 22.5% and OURD Canada holding the remaining 7.5%. The partners have said that the mill will continue to operate until July 2010, processing stockpiled ore. It will then be placed in care and maintenance mode, during which time some staff will be retained for maintenance so that it can be restarted at a later date.
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