Rosatom eyes U.S., Canadian uranium ventures

21:32, August 25, 2010      

Email | Print | Subscribe | Comments | Forum 

Russia was negotiating with the United States about building a uranium enrichment plant on U.S. territory, the head of Russia's atomic state corporation, Rosatom, said Wednesday.

Sergei Kirienko said the project would start only after the U.S. Congress approved Agreement No. 123 on peaceful use of atomic energy.

Kirienko said Rosatom also planned to acquire a controlling stake in Canadian Uranium One (U1) company to diversify its global production.

"We want to create a developing platform that will be our base for further advances into the other markets, for cooperation, mergers and acquisitions," said the official as quoted by the RIA Novosti news agency.

In July, U1's board of directors recommended its shareholders approve the deal with Russian uranium-producing company Atomredmetzoloto, which is one of Rosatom's subsidiaries. The Russian company offered 610 million U.S. dollars for the controlling stake in the Canadian company.

A final decision will be made by the Canadians on Aug. 31.

If approved, it would create the fifth largest uranium producer in the world.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Supporters of the Iranian team hold up placards during the final match between Iran and China at the 16th Asian Men's Volleyball Championship in Tehran, capital of Iran, Sept. 29, 2011. Iran won the final 3-1 and hence the champion of the tournament on Thursday. (Xinhua/Ahmad Halabisaz)
  • Greek artists burn copies of emergency tax notices during a protest against austerity measures in Athens, Greece, on Sept. 29, 2011. The Greek government is facing a new wave of protests as it introduces new austerity measures to obtain the sixth tranche of aids necessary to overcome the acute debt crisis.(Xinhua/Marios Lolos)
  • A winner of the 36th Miss Bikini International 2011 poses for a photo at the Olympic Sailing Center in Qingdao, a coastal city of east China's Shandong Province, Sept. 29, 2011. (Xinhua/Chen Jianli)
  • Staff members are in position at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Rao Aimin)
  • Champion of Miss Bikini from Poland receives trophy at the final of the 36th Miss Bikini International World Competition in Qingdao, east China's Shandong Province, Sept. 28, 2011. (Xinhua Photo)
  • Photo taken on Sept. 28, 2011 shows autumn scenery of populus euphratica forests in Ejina Banner, north China's Inner Mongolia. The populus euphratica forests here, with an area of 390,000 mu, or 26,000 hectares, is one of the world's most famous populus euphratica forests. The golden leaves and sunshines here in autumn is able to attract more than 100,000 person-times annually. (Xinhua/Zhao Tingting)
Hot Forum Discussion