November 22, 2010 8:10 PM

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Russia offers India joint ventures for uranium mining

Russia has offered joint ventures in exploration and exploitation of uranium mining within its territory and third countries. The offer has been made as part of moves to ease shortage of fuel for India's nuclear power plants. A local media report in Moscow quoting State Corporation Rosatom spokesman Sergei Novikov said, the controlling stake in the joint projects must remain with Rosatom and the partners could get up to 49 per cent share in the projects inside Russia. He said the talks on the joint projects were held by Rosatom CEO Sergei Kiriyenko in New Delhi with the Uranium Corporation of India Ltd. (UCIL) during the 16th session of Indo-Russian Inter Governmental Commission last week.

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