Lightbridge Corporation (LTBR)

[russshackleford]

India to build a 'strategic uranium reserve'
PTI | Jul 19, 2015, 12.09PM IST

NEW DELHI: After a record production this year, India is working on creating a 'strategic uranium reserve' to ensure its atomic power reactors do not face shortage of the crucial nuclear fuel.

"The reserve pool could be anywhere between 5000 MT to 15,000 MT which can last for 5-10 years," said a senior government official.

"For all these years, we could not think of having a reserve like other countries have due to the impending sanctions. But now we can think of working to build a reserve of nuclear fuel.

"We are mostly depending on the uranium from Australia. Once we start getting it, we can start building the reserve. Uranium from Kazakhstan will largely meet the current demand. It is a rare commodity, so one should keep piling it whenever it is available at a cheaper rate in the international market," the official added.

Under the Indo-US nuclear deal, the latter is to support India's initiative for having a nuclear pool. "The United States will support an Indian effort to develop a strategic reserve of nuclear fuel to guard against any disruption of supply over the lifetime of India's reactors," the agreement states.
http://timesofindia.indiatimes.com/india/India-to-build-a-strategic-uranium-reserve/articleshow/48131647.cms