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« GE-Alstom Deal: French Fear Losing Control of Nuclear Assets | Main | International forum on nuclear energy opens in Moscow »
Wednesday
Jun112014

RUSSIA SEEKS TO DEVELOP NUCLEAR ENERGY IN ARGENTINA

A Russian nuclear energy firm has announced that it is in talks to help construct a nuclear plant in Argentina. Rosatom expressed interest in the project, and its chief says the company only awaits the decision of the Argentine government to begin work.

According to Argentine news agency Infobae, Rosatom has been pre-selected to work with the Argentine government to develop nuclear energy. The pre-selection places it on a short list with other nuclear energy companies among which the government of President Cristina Fernández de Kirchner will choose.

Kiril Komarov, vicedirector of international market development for Rosatom, appeared optimistic about his company's chances at landing the project. Komarov said that the company is eager to work in Latin America and that Rosatom already provides medical isotopes to Argentina and has experience with enriched uranium. "We await that Argentina and Brazil make definitive decisions on a governmental level," he explained. Rosatom hopes that Argentina will reach an agreement by the end of the year.

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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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