Canada, India agree to $350-million uranium supply deal – The Globe and Mail
Apr. 15 2015
Canada and India are back in the nuclear business together after a decades-long moratorium with a uranium sale to New Delhi that opens the door for Canadians to profit from a growing Indian appetite for power from reactors.
Prime Minister Stephen Harper and Indian Prime Minister Narendra Modi unveiled a $350-million deal on Wednesday for Canada’s largest uranium producer, Cameco Corp., to supply 3,220 metric tonnes to power India’s reactors over the next five years.
Canada banned exports of uranium and nuclear hardware to India in the 1970s after New Delhi used Canadian technology to develop a nuclear bomb.
