Brazil set to foster partnerships to boost uranium output
Brazil is reportedly set to foster research and exploration of uranium, an activity which is regulated in the national constitution as a state monopoly.
President Jair Bolsonaro's administration intends to establish a closer partnership between Brazil's private sector and state-run nuclear industries company INB, according to a report in local paper Valor.
INB is engaged in the prospection, exploration, extraction and primary beneficiation of uranium and other heavy metals, as well as its marketing and use in the production of fuel for nuclear reactors.
New ways to foster the development of Brazil's uranium mining industry by giving it access to the private sector had already been discussed by the government of former president Michel Temer.
In 2018, Temer affirmed the importance of encouraging production to respond to both domestic and international uranium demand, the report read.
In the meantime, Brazil's new mining and energy minister, Bento Albuquerque, also called on January 2 for the resumption of investments in Brazilian nuclear power.
"Brazil cannot give in to prejudice and misinformation, wasting two rare competitive advantages that we have in the international scenario: being home to technology and the nuclear fuel cycle and the existence of large uranium reserves," he said.
INB holds a monopoly on uranium research and production locally. However, ore extraction in INB's single producing asset has been halted since 2015, when the company's Caetité mine, in Bahia state, was closed.
According to the report, between 2000 and 2015 production of uranium concentrate totaled 3.76Mkg, which was used to fuel the needs of nuclear power plants Angra I and II. Since 2015, Brazil has had to import the ore needed by the plants.
The new public-private partnership aspired to by the Bolsonaro government should be able to reactivate uranium extraction in Brazil, which holds the world's seventh largest reserves of the ore, the report stated.
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