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India is looking to acquire Uranium mining assets in Namibia.
KOLKATA: The ink is yet to dry on the Indo-US nuke deal, but the UPA government has already started scouting for uranium mining assets abroad. The first place being explored is Namibia, which caters to 6-8% of the world's uranium oxide requirement.
This was confirmed by a senior member of the Union Cabinet associated with the process. From India's point of view, the development is historic in the sense that this will be the country's maiden entry as a buyer in the world uranium market after the Pokhran test of May 2004, following which all kinds of procurement sanctions were slapped vis-a-vis nuclear technology and fissile materials.
Simultaneously, the government is also considering a policy change in order to facilitate the acquisition of foreign mines to procure uranium abroad.
The Prime Minister's Office (PMO) has asked the external affairs ministry to arrange a trip to Namibia along with officials from the ministry of mines to scout for uranium mining assets in the uranium-rich African country.
"The government is also considering a policy change in order to facilitate the acquisition of foreign mines to procure foreign uranium. Although a final decision is yet to be taken, the necessary process has already begun," Cabinet sources said.
Officials from the Department of Atomic Energy said: “Such visits will now become quite regular since the deal has already been signed. India is now free to acquire mining assets from other countries, process the fissile material and bring it back to India for consumption in nuclear power reactors."
Namibia was chosen for its vast reserves of uranium and its long standing relation with India. India had, in fact, been at the vanguard of Namibia's liberation movement. Now, it seems, it's payback time for Namibia.
India took the lead in supporting the Namibian liberation struggle and provided all possible moral, material and diplomatic support to the Namibian leadership in exile.
The Indian assistance covered training, medicines, humanitarian relief. Besides implementing the Africa fund, India also contributed to the Special NAM Fund for Namibia, the NAM Solidarity Fund for Namibia and the Commonwealth Special Training Programme for Namibia.
Namibia, which borders South Africa, Botswana, Angola and the South Atlantic Ocean, is one of the world's key uranium producers. The country offers uranium mines on 100% ownership basis. The fissile material constitutes about 10% of the country's exports.
Interestingly, the Namibian government recently licensed its third uranium mine to French nuclear reactor builder Areva. According to reports, Areva will produce between 2.3 million and 3.6 million kg of uranium oxide a year over nine years
KOLKATA: The ink is yet to dry on the Indo-US nuke deal, but the UPA government has already started scouting for uranium mining assets abroad. The first place being explored is Namibia, which caters to 6-8% of the world's uranium oxide requirement.
This was confirmed by a senior member of the Union Cabinet associated with the process. From India's point of view, the development is historic in the sense that this will be the country's maiden entry as a buyer in the world uranium market after the Pokhran test of May 2004, following which all kinds of procurement sanctions were slapped vis-a-vis nuclear technology and fissile materials.
Simultaneously, the government is also considering a policy change in order to facilitate the acquisition of foreign mines to procure uranium abroad.
The Prime Minister's Office (PMO) has asked the external affairs ministry to arrange a trip to Namibia along with officials from the ministry of mines to scout for uranium mining assets in the uranium-rich African country.
"The government is also considering a policy change in order to facilitate the acquisition of foreign mines to procure foreign uranium. Although a final decision is yet to be taken, the necessary process has already begun," Cabinet sources said.
Officials from the Department of Atomic Energy said: “Such visits will now become quite regular since the deal has already been signed. India is now free to acquire mining assets from other countries, process the fissile material and bring it back to India for consumption in nuclear power reactors."
Namibia was chosen for its vast reserves of uranium and its long standing relation with India. India had, in fact, been at the vanguard of Namibia's liberation movement. Now, it seems, it's payback time for Namibia.
India took the lead in supporting the Namibian liberation struggle and provided all possible moral, material and diplomatic support to the Namibian leadership in exile.
The Indian assistance covered training, medicines, humanitarian relief. Besides implementing the Africa fund, India also contributed to the Special NAM Fund for Namibia, the NAM Solidarity Fund for Namibia and the Commonwealth Special Training Programme for Namibia.
Namibia, which borders South Africa, Botswana, Angola and the South Atlantic Ocean, is one of the world's key uranium producers. The country offers uranium mines on 100% ownership basis. The fissile material constitutes about 10% of the country's exports.
Interestingly, the Namibian government recently licensed its third uranium mine to French nuclear reactor builder Areva. According to reports, Areva will produce between 2.3 million and 3.6 million kg of uranium oxide a year over nine years
An der Börse sind 2 mal 2 niemals 4, sondern 5 minus 1.
Man muß nur die Nerven haben, das minus 1 auszuhalten.
Man muß nur die Nerven haben, das minus 1 auszuhalten.
