nuclear-news

Australian uranium mine to come under Russian control

Moscow moves on global uranium mines  The Australian  June 10, RUSSIA has moved to boost its holdings in global uranium mines, with state-owned Rosatom agreeing to take a controlling stake in Canada’s Uranium One……If the deal goes ahead, it will put the Honeymoon uranium project in South Australia, scheduled to come into production at the end of the year, under the control of the Russian government…… Uranium One has sold its recently acquired 3 per cent stake in Australia’s Paladin Resources,…….Uranium One owns 51 per cent of Honeymoon Well mine, which means it will come under Rosatom’s control.Honeymoon Well, 75km northwest of Broken Hill, is expected to cost $138m to develop.The other 49 per cent is owned by Japan’s Mitsui…. Moscow moves on global uranium mines | The Australian

June 10, 2010 - Posted by Christina Macpherson | politics international, Russia | antinuclear, AUSTRALIA, nuclear, nuclear costs, nuclear secrecy, nuclear spin, radioactive, uranium