Iran, under United Nations sanctions for its nuclear program, fulfilled a 36-year quest to join the club of atomic-powered nations today when Russia’s Rosatom Corp. switched on a reactor along the Persian Gulf coast.
Uranium Holding ARMZ, a unit of Russia’s state-owned nuclear company, agreed to purchase a controlling stake in Canada’s Uranium One Inc. in exchange for $610 million in cash and interests in two mines.
Russia, one of the world’s biggest oil and gas exporters, aims to become a global leader in nuclear power, too. State-owned nuclear group Rosatom now has 15 reactors under construction worldwide, more than any other international supplier. Five of the 15 are outside Russia, and more are coming soon, Bloomberg Businessweek reports in its Oct. 4 issue.
The Russian state-run civil nuclear corporation Rosatom may sign an initial agreement with Chinese energy companies to build a commercial fast neutron reactor in China, RIA Novosti reported, citing Rosatom’s head Sergei Kiriyenko.