Lightbridge Corporation (LTBR)

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UAE, Argentina sign five-year cooperation deal

http://tinyurl.com/o5jlq6t

Argentina's minister of federal planning Julio de Vido and UAE foreign minister Abdullah bin Zayed al Nahyan signed the memorandum of cooperation in the presence of President Cristina Fernandez de Kirchner of Argentina and Vice President Mohammed bin Rashid Al Maktoum of the UAE at a ceremony in Buenos Aires.

The agreement, which is valid for five years, sees the two countries agreeing to cooperate in areas including education and human resource development, nuclear waste management, technology security and "participation" in the UAE's nuclear program.

The first two of four APR-1400 units to be built by a South Korean consortium are already under construction at Barakah in the UAE. Argentina has two currently operating nuclear reactors with a third expected to begin operations later this year, and recently began construction of a domestically-designed and developed small integral reactor, CAREM-25.