Gerald W. (Jerry) Grandey SOM (born 1946, Long Beach, California) is a Canadian executive who was previously the President and Chief Executive Officer of Cameco Corporation, one of the world's largest uranium producers. He joined Cameco in 1993 as Senior Vice President, and was appointed President in 2000 and CEO in 2003. In 2010, The Harvard Business Review recognized him as being one of the top 100 CEOs in the world because of the value created for shareholders during his tenure. Grandey retired from Cameco in 2011.
Inducted into the Canadian Mining Hall of Fame in 2013, [1] Grandey was awarded the Canadian Nuclear Association's Ian McRae Award in 2012 [2] for his work in advancing nuclear energy in Canada. In 2011, he was nominated for the Oslo Business for Peace Award in recognition of his efforts to facilitate the dismantling of 20,000 Russian warheads (Megatons to Megawatts [3] ), with the resulting uranium used in nuclear energy plants for the generation of electricity. The US Nuclear Energy Institute awarded Grandey the William S. Lee Award for leadership in the nuclear industry, noting his work to implement the Megatons to Megawatts agreement between the US and Russia.
In 2020, Grandey was named as a recipient of the Saskatchewan Order of Merit. [4] Established in 1985, the Saskatchewan Order of Merit is a recognition of excellence, achievement and contributions to the social, cultural and economic well being of the province of Saskatchewan and its residents. The Order takes precedence over all other provincial honours and awards.
Currently, Grandey serves as Vice-Chairman of the board of the Colorado School of Mines Foundation and the Chairman of the board of Rare Elements Resources, a mineral resource company focused on rare earth extraction and recovery. Formerly, Mr. Grandey was a member of the boards of Nutrien Ltd, the world's largest provider of crop nutrients, inputs and services, Potash Corporation of Saskatchewan, Canadian Oil Sands, Inmet Mining Corporation, Centerra Gold Inc., Sandspring Resources and Bruce Power. Grandey has a degree in geophysical engineering from the Colorado School of Mines and a juris doctor degree from Northwestern University. He is on the Dean's Advisory Council, Edwards School of Business and is Chairman Emeritus of the London based, World Nuclear Association.
Grandey was a 1964 graduate of Downey (California) Senior High School. He was a National Merit Scholar and a multi-year letterman in both swimming and water polo. In the late 1960s, Mr. Grandey spent two years in the United States military. He is married with two grown children and four grandchildren.
General Atomics (GA) is an American energy and defense corporation headquartered in San Diego, California, specializing in research and technology development. This includes physics research in support of nuclear fission and nuclear fusion energy. The company also provides research and manufacturing services for remotely operated surveillance aircraft, including the Predator drones, airborne sensors, and advanced electric, electronic, wireless, and laser technologies.
Eldorado Resources was a Canadian mining company active between 1926 and 1988. The company was originally established by brothers Charles and Gilbert LaBine as a gold mining enterprise in 1926, but transitioned to focus on radium in the 1930s and uranium beginning in the 1940s. The company was nationalized into a Crown corporation in 1943 when the Canadian federal government purchased share control. Eldorado Resources was merged with the Saskatchewan Mining Development Corporation in 1988 and the resulting entity was privatized as Cameco Corporation. The remediation of some mining sites and low-level nuclear waste continue to be overseen by the Government of Canada through Canada Eldor Inc., a subsidiary of the Canada Development Investment Corporation.
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
The Megatons to Megawatts Program, also called the United States-Russia Highly Enriched Uranium Purchase Agreement, was an agreement between Russia and the United States whereby Russia converted 500 metric tons of "excess" weapons-grade uranium into 15,000 metric tons of low enriched uranium, which was purchased by the US for use in its commercial nuclear power plants. The official name of the program is the "Agreement between the Government of the Russian Federation and the Government of the United States of America Concerning the Disposition of Highly-Enriched Uranium Extracted from Nuclear Weapons", dated February 18, 1993. Under this Agreement, Russia agreed to supply the United States with low-enriched uranium (LEU) obtained from high-enriched uranium (HEU) found to be in excess of Russian defense purposes. The United States agreed to purchase the low-enriched uranium fuel.
The uranium market, like all commodity markets, has a history of volatility, moving with the standard forces of supply and demand as well as geopolitical pressures. It has also evolved particularities of its own in response to the unique nature and use of uranium.
Uranium mining is the process of extraction of uranium ore from the ground. Over 50 thousand tons of uranium were produced in 2019. Kazakhstan, Canada, and Australia were the top three uranium producers, respectively, and together account for 68% of world production. Other countries producing more than 1,000 tons per year included Namibia, Niger, Russia, Uzbekistan, the United States, and China. Nearly all of the world's mined uranium is used to power nuclear power plants. Historically uranium was also used in applications such as uranium glass or ferrouranium but those applications have declined due to the radioactivity of uranium and are nowadays mostly supplied with a plentiful cheap supply of depleted uranium which is also used in uranium ammunition. In addition to being cheaper, depleted uranium is also less radioactive due to a lower content of short-lived 234
U and 235
U than natural uranium.
The McArthur River Uranium Mine, in northern Saskatchewan, Canada, is the world's largest high-grade uranium deposit.
The Key Lake mine is a former uranium mine in Saskatchewan, Canada. It is 570 kilometres (350 mi) north of Saskatoon by air on the southern rim of the uranium-rich Athabasca Basin. Key Lake was initially developed to open-pit mine two nearby uranium ore deposits: the Gaertner deposit and the Deilmann deposit. Mining of this ore ceased in the late 1990s; the Key Lake mill now processes uranium ore from the McArthur River mine and from existing stockpiles on site. High-grade ore from McArthur river is blended with lower grade local rock before being passed through the mill. The mill has a permitted annual production capacity of 25 million pounds of U3O8. In addition, ammonium sulfate fertilizer is produced as a byproduct from used reagents. The pits of the mined out local deposits are being used as mill tailings management facilities.
Rabbit Lake is the second largest uranium milling facility in the western world, and is the longest operating uranium production facility in Saskatchewan. The facility is located approximately 800 km north of Saskatoon, Saskatchewan, on the northeast edge of the uranium rich Athabasca Basin. The closest community is Wollaston Lake, about 40 kilometers by lake or air. Rabbit Lake was the first Canadian mine to offer a seven-days-in/seven-days-out commuter system of staffing. Access is provided by Highway 905. Production at Rabbit Lake was suspended in April 2016.
Hugh Matheson MorganACMAusIMMFTSE, is an Australian businessman and former CEO of Western Mining Corporation. He was President of the Business Council of Australia from 2003 to 2005. The Howard government appointed him to the board of the Reserve Bank of Australia in 1996, where he remained until 2007. He also was the Founding Chairman of Asia Society Australia.
Denison Mines Corp. is a Canadian uranium exploration, development, and production company. Founded by Stephen B. Roman, and best known for its uranium mining in Blind River and Elliot Lake, it later diversified into coal, potash, and other projects.
Paladin Energy Ltd is a Western Australian based uranium production company.
Uranium mining in the United States produced 173,875 pounds (78.9 tonnes) of U3O8 in 2019, 88% lower than the 2018 production of 1,447,945 pounds (656.8 tonnes) of U3O8 and the lowest US annual production since 1948. The 2019 production represents 0.3% of the anticipated uranium fuel requirements of the US's nuclear power reactors for the year.
The Cigar Lake Mine is a large high-grade underground uranium mine, located in the uranium-rich Athabasca Basin of northern Saskatchewan, Canada, at the south-west corner of Waterbury Lake. The deposit, discovered in 1981, is second in size of high-grade deposits only to the nearby McArthur River mine. Other deposits, such as Olympic Dam in Australia, contain more uranium but at lower grades.
Crow Butte is a uranium mining operation located four miles (6 km) southeast of the city of Crawford in Dawes County, Nebraska, United States. Cameco Corporation owns and operates Crow Butte through its wholly owned subsidiary, Crow Butte Resources, Inc.
Nuclear industry in Canada is an active business and research sector, producing about 15% of its electricity in nuclear power plants of domestic design. Canada is the world's largest exporter of uranium, and has the world's second largest proven reserves. Canada also exports nuclear technology within the terms of the Nuclear Non-proliferation Treaty, to which it is a signatory, and is the world's largest producer of radioactive medical isotopes.
The Beaverlodge Mine sometimes referred to as the Eldorado Mine or the Beaverlodge Operation was a uranium mine in the community of Eldorado, northern Saskatchewan, Canada. Eldorado was a small community 7 kilometres (4.3 mi) east of the community of Uranium City, Saskatchewan in the Beaverlodge Uranium District built by Eldorado Mining and Refining Limited to house the workforce and families of the mine.
Hathor Exploration Limited is a uranium exploration company based in Vancouver, British Columbia, Canada. Its exploration office is located in Saskatoon, Saskatchewan, Canada. Hathor's exploration projects concentrate on properties within the Athabasca Basin of Northern Saskatchewan, Canada.
The Yeelirrie uranium project is a uranium deposit located approximately 70 km southwest of Wiluna, in the Mid West region of Western Australia. The name Yeelirrie is taken from the local sheep station.
Chaitanyamoy Ganguly is an Indian nuclear scientist and a former head of the Nuclear Fuel Cycle and Materials Section of the International Atomic Energy Agency (IAEA), credited with many innovations in the field of nuclear material science. He was honored by the government of India in 2002, with the fourth-highest Indian civilian award of Padma Shri.