Russia aims to control the global nuclear fuel cycle
A new ARMZ race, Asia Times, 14 Dec 11 By Peter Lee The people who brought about Chernobyl are pressing to become the world’s leading source for nuclear power equipment, materials, and services.
Russia’s quasi-state nuclear power authority, Rosatom, has ambitions of becoming the world’s one-stop shop for nuclear plants, uranium fuel and spent fuel services. Currently accounting for 20% of the world’s nuclear power stations and 17% of global nuclear fuel fabrication, Rosatom wants to double in size and become the dominant player in uranium ore and spent fuel in the process.
In places like Kazakhstan, Canada, Niger, Australia, the United States and Mongolia, Rosatom’s (AtomRedMetZoloto) Uranium Holding Co, or ARMZ, is seeking to dominate worldwide uranium production. Over the past two decades, Russia has aggressively leveraged the nuclear legacy of the Cold War competition between the United States and the Soviet Union. In the nuclear arms race with the United States, the USSR always opted for quantity and size rather than quality….
Given the West’s eagerness to use the supply of nuclear technology and equipment as a diplomatic wedge to win favor in developing countries, the decision to let Russia handle the spent fuel back-end looks a lot like moral abdication. http://www.atimes.com/atimes/China_Business/ML15Cb01.html .
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