Russia's uranium breakthrough

[phantom power]

Russia has overtaken Niger to become the world's fourth largest uranium producer, after Canada, Australia, and Kazakhstan. Russia received its new rating in 2007, when it produced 3,527 tons of uranium.

It has ambitious plans to mover even further up the league, based on promising deposits in Eastern Siberia and other regions, and opportunities for mutually advantageous cooperation with countries rich in uranium ore.

Today, the uranium market is very busy and full of optimism. It is characterized by a high-level of monopolization - three quarters of all uranium is produced by five countries. Having placed its stake on nuclear energy, Russia has left itself no choice but to replenish its uranium reserves under a clear-cut and rational program.

In 2006, Russia launched cooperation with Kazakhstan. It owns 49% of shares in the Zarechnoye Joint Venture (JV), which is in charge of a 19,000-ton uranium deposit. Last year, Russia signed a bilateral agreement with Australia, which will supply it with one million dollars worth of uranium for civilian purposes every year.

http://en.rian.ru/analysis/20080708/113538769.html

[napoleon_in_rags]

1. Looks like Russia has their plans for how to deal with peak oil.

I just hope the reactor designs and personal have improved since the Chernobyl days.