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Uranium rods before being loaded to the reactor block of Leningrad Nuclear Power Plant
Photo: Pavel Kassin
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Sep. 26, 2008
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Russia Has Enough Uranium for 60yr
Russia’s nuclear industry has enough uranium reserves for 60 years ahead, even with taking into account the new nuclear plants that haven’t been constructed yet, said a top-ranked source with Russia’s state corporation Rosatom. “Even if not a single kilogram of uranium is sold to us,” the source specified.
“The state corporation has piled up heavy stocks of the natural uranium at storage facilities. Besides, we are firmly the third worldwide in explored reserves of uranium… We have good potential for developing deposits in Kazakhstan, where they have big reserves of uranium and where its mining is much cheaper than in other regions of the world."

“We intend to develop uranium fields in other states, where it is economically profitable for us, and we have taken definite steps already,” the source said, adding that “we have excessive capacities of uranium enrichment for energy purposes and we want to remain open to clients that are willing and can buy uranium to advance their nuclear energy industry but cannot enrich it themselves.”

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