CAMECO STRIKES URANIUM DEALS WITH CHINA
Baku, July 6 (AZERTAC). Canada will become a major supplier of uranium to China after Saskatchewan-based Cameco Corp. secured long-term agreements with the Asian superpower to help feed its fast-growing fleet of nuclear reactors.
Cameco says two separate agreements it signed with Chinese corporations, among the lengthiest uranium deals ever struck by China, will help the country meet its aggressive goal of increasing nuclear capacity for electricity generation from about nine gigawatts to as much as 160 GW by 2030.
The uranium pacts were part of a series of resource sector deals signed between China and Canadian companies late this week, alongside a visit to Ottawa by Chinese President Hu Jintao.
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