Uranium Deal

Canada eyes decade-long $2.8 bn uranium pact with India as ties improve

Canada's proposed agreement to supply uranium to India is expected to run for a decade, valued at $2.8 billion. The arrangement is likely to form part of a wider framework for nuclear cooperation

NTPC to appoint consultant for overseas uranium mine identification

State-owned NTPC will appoint a consultant to identify uranium mines overseas after signing a formal agreement with Uranium Corporation of India Ltd (UCIL), a company official said. The move will be part of the company's plan to secure raw material for its future nuclear projects to be set up on individual basis. At present, NTPC is setting up a nuclear project in a joint venture (JV) with Nuclear Power Corporation of India Ltd (NPCIL) in Rajasthan at an investment of about Rs 42,000 crore. While NTPC has 49 per cent stake in ASHVINI, NPCIL has majority 51 per cent shareholding. Prime Minister Narendra Modi on Thursday laid the foundation stone of 4x700 MW Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) being set up by JV entity Anushakti Vidhyut Nigam Ltd (ASHVINI) at Banswara. NTPC CMD Gurdeep Singh recently shared plans of setting up individual nuclear projects. He said his company is collaborating with various nuclear technology providers and state governments to set up

Trump appears to undercut US proposal to Iran, says no uranium enrichment

President Donald Trump on Monday appeared to undercut a proposal that was offered by his special envoy to Iran, saying he will insist that Tehran fully dismantle its nuclear enrichment programme as part of any deal to ease crushing sanctions. Trump and Steve Witkoff, who is leading the negotiations for the US, have repeatedly offered inconsistent public messages about whether Iran would be allowed to retain the capacity to enrich uranium to lower levels for civilian purposes. The Trump administration maintains that it will not allow Iran to develop a nuclear weapon. The negotiations have been framed by Trump as both countries' best chance to avoid direct military conflict over Iran's nuclear programme. Tehran, which denies seeking a nuclear weapon, has insisted that it will not agree to any deal that fully scraps its enrichment program. "Under our potential Agreement WE WILL NOT ALLOW ANY ENRICHMENT OF URANIUM!" Trump wrote on social media. Addressing the seeming contradiction, a

Iran increased its total stockpile of uranium: UN nuclear watchdog report

Iran has further increased its total stockpile of uranium, according to a report by the United Nations' nuclear watchdog seen by The Associated Press on Monday, and continues to bar several of the most seasoned inspectors from monitoring its nuclear programme. The International Atomic Energy Agency also said in a second confidential report, distributed to member states, that Tehran made no progress in explaining the presence of manmade uranium particles found at two locations. The IAEA estimated in its quarterly report that as of February 10, Iran's total enriched uranium stockpile was at 5,525.5 kilograms (about 12,182 pounds), an increase of 1,038.7 kilograms (2,289 pounds) since the last quarterly report in November 2023. It also said that according to its assessment, Iran has an estimated 121.5 kilograms (267.8 pounds) of uranium enriched up to 60 per cent purity, which represents a decrease of 6.8 kilograms (14.9 pounds) since the last report in November 2023. The decrease is t

Govt gets dividend tranches from Uranium Corp, Shipping Corp, KIOCL

The Central government has received Rs 197 crore, Rs 48 crore, and Rs 10 crore from Uranium Corporation of India Ltd, KIOCL and Shipping Corporation of India (SCI), respectively, as dividend tranches

Namibia invites India to explore cooperation in uranium mining

Namibia is the fourth largest supplier of Uranium and both the countries signed an agreement on nuclear energy in 2009