Uranium One chosen to supply of 400 tons of natural uranium to Brazil

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Uranium One, a member of Rosatom’s international mining company, became a winner of the open international tender for the supply of approximately 1,000,000 pounds (nearly 400 tons) of natural uranium in 2017 for the purposes of Indústrias Nucleares do Brasil (INB) engaged in the production of fuel for nuclear power plants.

“This is the first supply of our company’s products not only to Brazil, but also to South America, – said Mr. Vasily Konstantinov, the Chairman of the Board of Directors at Uranium One Inc. – We are pleased that our proposal has been ranked as the best one, and we look forward to the cooperation with the Brazilian fuel company INB, which opens new horizons for the sales geography, and provides a basis for successful collaboration on projects throughout the region”.

Uranium One Inc. is one of the world’s largest uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the United States and Tanzania. Early in January, Likuyu Resources, which is 14% controlled by Russian concern, has won two new uranium exploration permits in Tanzania.

 

The move by Uranium One, which already holds a mining license at Mkuju River in the south of Tanzania is of significant importance for the country, which has embarked upon the road to build its first nuclear-powered plant by 2034. The Tanzanian government signed an agreement in November with the giant Russian state-owned nuclear company Rosatom to develop nuclear energy in the country. In partnership with the Tanzanian government, Uranium One looks forward to making a lasting positive impact on the nation’s economy and well-being of its people.

 

Uranium One’s deploys unique in-situ recovery (ISR) technology in the endeavours to ensure that extraction of the radioactive metals is undertaken in the most possible environmentally-friendly process.

 

The ISR or solution mining is basically used to recover minerals like copper and uranium through bore holes drilled into a deposit as opposed to the traditional open-pit and underground mining. It is a progressive safe method mining process where liquids are used to recover minerals from the ground. It doesn’t require breaking the ground to extract uranium underground so it is the most environmentally friendly system compared to open-pit and underground mining. This allows improving safety of the mine for the ecosystem.

The ISR method enables Uranium One to remain a leader among the world’s uranium producers in terms of production cost of uranium: it is the lowest one.


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