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Mongolian uranium industry to thrive as worldwide increase in nuclear power plants announced |
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Thursday, 04 October 2007 |
 A new report issued on nuclear
power indicates Mongolia’s uranium reserves will be in demand for
decades to come.
In a report issued by the Australian-based
Resource Capital Research, concerns about global warming have resulted
in an enormous increase in the number of uranium-fed nuclear power reactors
to be built.
The support for nuclear power,
as opposed to fossil-based fuel, is due to the zero emissions produced
by nuclear fuel.
The main increases in planned
nuclear power plants are from China with 114 planned and proposed new
nuclear power reactors announced, up from 63 in January 2007 (an increase
of 81 percent); and the USA is up from 23 to 32 units. Russia has 25
planned and proposed nuclear power reactors, the Ukraine 22, and India
19.
"The threat of global
warming continues to drive support for nuclear power. Rhetoric from
the world's major economies appears increasingly focused on the nuclear
power option to achieve carbon emission reductions," noted John
Wilson, Managing Director of Resource Capital Research.
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