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Russia Offers India Uranium Joint Venture

By Joel ScanlonNov 22 2010

Rosatom, the Russian state owned nuclear corporation, has offered cooperation to Indian companies interested in developing uranium deposits in Russia or other third world countries. This follows the announcement in April of a Russian-Indian joint venture for prospecting and mining uranium by RIA Novosti.

The Rosatom spokesman Sergei Novikov announced this on Sunday at a meeting of the Russian-Indian intergovernmental commission for trade and economic cooperation and talks with the Uranium Corporation of India.

He said that they had offered Indians a role in uranium extraction projects in Russia and in third world countries. Rosatom would however retain control over the projects that they participate in. The partnering companies may receive up to 49% of projects inside Russia.

Rosatom CEO Sergei Kiriyenko had discussions about the proposed joint ventures with Indian firms at the 16th session of Indo-Russian inter-governmental commission in New Delhi. The CEO had offered UCIL a stake in its Elkon project in South Yakutia in Russia in March during the visit of Prime Minister Vladimir Putin to India.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Russia Offers India Uranium Joint Venture. AZoMining. Retrieved on November 23, 2024 from https://www.azomining.com/News.aspx?newsID=1556.
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Scanlon, Joel. 2019. Russia Offers India Uranium Joint Venture. AZoMining, viewed 23 November 2024, https://www.azomining.com/News.aspx?newsID=1556.