Brazilian firm seeks uranium in Canada
[Government of New Brunswick, 6 June] CVRD-Inco, a Brazilian mining company, has signed a C$4 million ($3.8 million), five-year deal to explore for uranium in the Canadian province of New Brunswick. The deal with the provincial government gives CVRD-Inco exclusive rights to explore for uranium on 136,000 hectares of land in the Turtle Creek area, between Sussex and Moncton. CVRD-Inco is required to relinquish 50% of the land after one year. Natural resources minister Donald Arseneault said: "This agreement is an excellent opportunity to attract investment by a major mining company into New Brunswick." He added, "New Brunswick also benefits by receiving all of Inco's past exploration surveys as well as the work done under the agreement."
Further information
WNA's Canada's Uranium Production & Nuclear Powerinformation paper
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