$10Bln Uranium Program Unveiled
Russia plans to pump $10 billion into expanding its uranium resource base over the next 10 years, part of a program to accelerate the country's nuclear energy output, top government officials said Monday.
Spearheaded by the Natural Resources Ministry and the Federal Atomic Energy Agency, the program would increase annual uranium production sixfold by 2020, ensuring ore supplies for existing and new nuclear stations.
If the government does not act, Russian stockpiles of the ore will dry up in less than a decade, said an official from the Federal Subsoil Resource Use Agency, part of the Natural Resources Ministry.
( Full story here )
Spearheaded by the Natural Resources Ministry and the Federal Atomic Energy Agency, the program would increase annual uranium production sixfold by 2020, ensuring ore supplies for existing and new nuclear stations.
If the government does not act, Russian stockpiles of the ore will dry up in less than a decade, said an official from the Federal Subsoil Resource Use Agency, part of the Natural Resources Ministry.
( Full story here )
posted by Oil Shock at 2/27/2006 09:28:00 PM
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