Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Cameco Corp is slowly expanding the world’s biggest uranium mine, betting utilities that are currently well-supplied will need the radioactive metal in coming years, Chief Executive Officer Tim Gitzel said on Monday.
Cameco’s McArthur River mine in northern Saskatchewan is expected to produce 20 million pounds this year, but is licensed for 25 million.
The Saskatoon, Saskatchewan, company has not signed off on the full expansion but is spending C$30 million ($22.48 million) this year to gradually prepare, Gitzel said in an interview with Reuters.
