Monday, August 20, 2007

Indian company bags Uranium mining contract!

At a time when the Nuclear deal seems to have reached an Impasse in the Indian parliament,an Indian company has secured for itself a contract o mine Uranium in Nigeria.this is a first of sorts,a first time that such a contract has been awarded to an Indian company.
Of course one should understand that this is a private venture and that the Government of India as such has nothing to do with it.but it makes sense that any such Uranium mined will be immediately be bought by India for its uses.a rough estimate of the amount of Uranium that could be mined in the area has been made and believe it or not it is around 30,000 metric tons of Uranium, which he says 'should be enough to meet India's requirement for the next 1,000 years'.so this is good news for India and the Indian government as they are trying so hard to ensure energy security for India.well done!

india,nigeria,uranium,energy,

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