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Canadians Want to Mine Bulgarian Uranium

Date: 18.09.2006

The Canadian Cameco Corporation is interested in mining Bulgarian uranium, said Bulgaria's Minister of Economy and Energy Rumen Ovcharov after talking to Gerald W. Grandey, Cameco's  President and CEO. For a year this has been the second request for re-opening the uranium mines, which were closed under a governmental decision in 1992. In 1998, reclamation of over 30 uranium deposits was started, in some of them it has been completed.

The previous time the issue was raised was at the Bulgarian-Russian governmental committee in May. Then Russian companies also showed interest in resuming uranium excavation in Bulgaria.

The Cabinet should decide whether to re-open the mines. "According to preliminary estimations, the uranium deposits in Bulgaria are about 12 thousand tons," Minister Ovcharov says. These deposits are enough to fuel Bulgaria's nuclear energy generation in the next 20 or 30 years. The annual consumption of undressed uranium in Bulgaria, plus the use of the future Belene NPP, amounts to 500 tons.

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