Thursday, January 7, 2016

Canada sends first consignment of uranium to India

Two years after the civil nuclear deal signed between the two, Canada has sent the first uranium consignment of 250 tonnes to India for its nuclear power reactors.
Highlights:
  • Cost: Contract to supply 7.1 million pounds of uranium concentrate (about 2,730 tonnes uranium) to India’s Department of Atomic Energy was worth around Canadian Dollars 350 million ($262 million).
  • India has 21 power reactors in operation, with another 6 under construction and will start in next four years. It plans to increase its nuclear generating capacity from the present 5800 MWe -27,500 MWe by 2032.
  • Shipment consists of uranium mined and milled at Cameco’s McArthur River and Key Lake operations in northern Saskatchewan.
Key Points: Canada
  • Capital & Currency: Ottawa, Canadian Dollar
  • PM: Justin Trudeau

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