India’s growing appetite for uranium

Mineweb.com reports India’s nuclear market is set to grow by vast amounts.

India is keen to shore up its uranium stockpile. Even as several state-owned firms identify mineral assets and are in the midst of floating separate ventures in foreign countries to buy out uranium reserves to feed the country’s voracious appetite for power and to maintain energy security, the Asian major’s civil nuclear plants are set to benefit from imports from friendly countries.
Russia, which holds about a tenth of the world’s uranium reserves, is aiming to be a major supplier to the Indian nuclear power industry. The two countries have decided to work on the creation of a joint venture for geological exploration and production of uranium.

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