India receives first uranium shipment from Canada

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In April, Cameco signed a uranium supply contract with India after the nuclear cooperation agreement between Canada and India came into force in September 2013. According to the Canadian government, the contract to supply 7.1 million pounds of uranium concentrate (about 2730 tU) to India’s Department of Atomic Energy was worth around CAD 350 million ($262 million).

The government of the Canadian province of Saskatchewan announced yesterday that the first shipment of uranium under the contract, which covers the period to 2020, had arrived in India. The shipment, it noted, consists of uranium mined and milled at Cameco’s McArthur River and Key Lake operations in northern Saskatchewan.