Russia Plans Massive Boost In Uranium Production

CIVIL NUCLEAR

One of Russia's nuclear plants.

by Staff Writers
Moscow (AFP) Sep 12, 2006
Russia intends to increase tenfold its investments in prospecting for and mining uranium over the coming two years, the head of Russia's Atomic Energy Agency said on Tuesday. "In 2007 spending on uranium prospection and extraction will be increased five times, then, in 2008, ten times, passing from 100 million rubles (3,7 million dollars, 2.9 million euros) to 1 billion rubles (37 million dollars, 29 million euros)," agency boss Sergy Kirienko told the Ria-Novosti news agency.

On Monday, the Atomic Energy Agency and Russia's Ministry of Natural Resources signed an agreement confirming the planned spending increase.

"It is not possible to limit developing countries' access to peaceful atomic energy, either from a political or an economic viewpoint," Kirienko said.

Russia announced in July that it was to spend 570 million rubles (21 million dollars, 17 million euros) prospecting for new uranium deposits, in order to fuel nuclear power stations being built both on Russian soil and abroad.

Russia is currently finishing the construction of a nuclear power station at Bouchehr in Iran.

Source: Agence France-Presse

CIVIL NUCLEAR

Russia Nuclear Chief Cautious Over IAEA Uranium Reserve Proposal

Moscow (RIA Novosti) Sep 13, 200
Russia's civilian nuclear chief said Tuesday a proposal made by the International Atomic Energy Agency to create guaranteed reserves of low-enriched uranium was interesting, but dangerous. The IAEA, the UN's nuclear watchdog, recently proposed a voluntary mechanism based on the Concept for a Multilateral Mechanism for Reliable Access to Nuclear Fuel submitted to it on June 12 by the six nations that now provide the bulk of enriched uranium: France, Germany, the Netherlands, Russia, the United Kingdom and the United States.

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