Home Economy Russia raises uranium stocks by 70,000 tonnes in 2009

Russia raises uranium stocks by 70,000 tonnes in 2009

By IANS/RIA Novosti,

Moscow: Russia increased its uranium reserves by 70,000 tonnes in 2009, the Federal Agency for Natural Resources (Rosnedra) said Tuesday.

“We have good results for uranium – about 70,000 metric tonnes of growth in reserves,” Vladimir Bavlov, deputy head of Rosnedra, said.

With more than one million tonnes of stock, Russia has the world’s second-largest uranium reserves and ranks fifth in terms of producing uranium output.