Monday, February 27, 2006

Russia's Uranium Stockpiles to Run Out by 2020�� Official - MONEY - MOSNEWS.COM

Russia�s Uranium Stockpiles to Run Out by 2020�� Official - MONEY - MOSNEWS.COM

Russia’s uranium reserves could be depleted by 2020 if the current rate of uranium mining is sustained, said on Monday, Feb. 27, Anatoly Ledovskikh, head of the Russian Subsoil Resources Agency (Rosnedra).The agency’s materials show that Russia only produced 3,200 tons of the 16,000 tons of uranium it needed in 2005 and that it drew on stockpiles to plug the shortage. In other words, uranium mine output must increase six-fold, the materials said. The reserves of Russia’s uranium deposits are estimated at 615,000 tons. Three enterprises belonging to nuclear fuel corporation TVEL mine and explore uranium fields. Uranium will be explored at 28 sites at a cost of 708.2 million rubles in 2006.

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