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Panorama Internazionale

01 FEBBRAIO 2018

19:36 - Argentina

ARGENTINA AND RUSSIA AGREE INVESTMENT TO PRODUCE URANIUM FOR U$S 250 MLN

(ICE) - ROMA, 01 FEB -

Argentina and Russia signed a memorandum of understanding to boost uranium exploration and production to achieve national self-sufficiency in uranium, that could include $250-million in investment and 500 new jobs. It was signed by Foreign Minister Jorge Faurie, the CEO of Russia's Uranium One Group, and chief of London-based UrAmerica, which explores for uranium in Argentina and Paraguay.   Uranium One Group, a wholly owned subsidiary of Rosatom, is the world's 4th-largest uranium producer, and his president said that Argentina "can have a Vaca Muerta in uranium". According to official statistics, there are some 30,000 tons of proven uranium reserves distributed in deposits located in the provinces of Mendoza, Salta, Chubut, La Rioja, San Luis and Córdoba.

Argentina is seeking to boost domestic nuclear power production, which depends on uranium, in order to reduce its energy deficit. In a joint statement with Macri, Russian President Vladimir Putin said state nuclear agency Rosatom has proposed building a nuclear power station in Argentina.

Latin America's No. 3 economy already generates 5 % of its electricity with 3 heavy-water nuclear reactors. The country plans to start building 2 new nuclear reactors in 2018 at a cost of us$13-billion, most of it financed by Chinese organizations.

(ICE BUENOS AIRES)