In an article published in the print version of the Northern Pride newspaper this week, the government says uranium production in Saskatchewan is expected to nearly double by 2017. Cameco CEO Tim Gitzel says it’ll help provide India with a “clean, carbon-free energy source.” Their statements will not go unchallenged.
New market for North’s uranium
by Gaven Crites
Northern Pride newspaper
April 23, 2013
Uranium mined in northern Saskatchewan can now be sold to India. The Canadian Nuclear Safety Commission and India’s Department of Atomic Energy recently finalized an agreement announced last November by Prime Minister Stephen Harper and Indian Prime Minister Manmohan Singh.
Premier Brad Wall applauded the development and said opening the Indian markets to exports of Saskatchewan uranium was a priority of his trade mission there in March 2011. The agreement follows a multi-billion dollar uranium deal signed with China last summer.
“Our uranium producers are excited and ready to supply product to India, the world’s largest democracy”, Wall said.
The government said uranium production in the province is expected to nearly double by 2017.
Resources Minister Joe Oliver made the announcement at Cameco Corp. headquarters in Saskatoon April 8.
Tim Gitzel, Cameco’s president and CEO, said India represents a huge business opportunity for the company and the entire Canadian nuclear energy industry.
“The ability to supply Canadian uranium to this rapidly expanding market will mean more jobs, more investment and more development here in Canada,” he said. “It will also allow India to meet its growing electricity needs with a clean carbon-free energy source”.
According to reports, a nuclear co-operation agreement had been signed more than two years ago, but Canada wanted to ensure uranium exports only go to Indian facilities under International Atomic Energy Agency safeguards. India, a confirmed nuclear power, is not a signatory to the Nuclear Non-Proliferation Treaty, an international agreement designed to prevent the spread of nuclear weapons and promote the peaceful uses of energy.