Canada's Cameco to enter India

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Category: Nuclear Fuel

The world’s largest mining company in Uranium is coming to India. Cameco which accounts for 15% of the world production of uranium has set up an office in Hyderabad. The company plans to sell uranium mining technology along with supply of uranium fuel here. Currently, India consumes around 2 million pounds of uranium every year and will go up now after the signing of Indo-US nuclear deal. Cameco plans to double its uranium production to meet the increasing demand in China and India.

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