nuclear-news

Libya and uranium selling deals – Wikileaks

LIBYAN ATOMIC ENERGY ESTABLISHMENT CONFIRMS DESIRE TO SELL URANIUM YELLOWCAKE Passed to the Telegraph by WikiLeaks 31 Jan 2011 ” ………..Gashut affirmed Libya’s commitment to sell its stockpile of approximately 1,000 metric tons of uranium yellowcake as part of the commitments it undertook in connection with its decision in 2003 to voluntarily abandon its WMD programs. Stressing that Libya viewed the question as primarily a commercial one, he noted that prices for uranium yellowcake on the world market had been increasing, and that Libya wanted to maximize its profit by properly timing the sale of its stockpile. Companies from the U.K., France and Canada (he did not say which) had sent representatives to Libya to negotiate for the purchase of the uranium in 2006-2007, and had subsequently tendered offers. Other companies had also expressed interest since then and the GOL had conducted discussions with them; however, only the original three British, French and Canadian companies had actually submitted formal bids to date. The GOL was currently engaged in “active, ongoing communications” with the three original companies and others, but had not yet made a decision as to which offer it was most inclined to accept……… LIBYAN ATOMIC ENERGY ESTABLISHMENT CONFIRMS DESIRE TO SELL URANIUM YELLOWCAKE – Telegraph

February 1, 2011 - Posted by Christina Macpherson | MIDDLE EAST, Uranium