Secretary Chu: no adverse material impact for uranium transfer

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Fri, Nov 13, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

US Dept of Energy reports Secretary Chu says that the Department of Energy has issued a final determination and market impact study for the proposed uranium transfer to fund accelerated cleanup activities at the Portsmouth Site in Piketon, Ohio, which will create between 800 to 1,000 new jobs for the community.

Under the determination, DOE’s Office of Environmental Management will be able to transfer as much as 300 metric tons of uranium per quarter in calendar years 2009 and 2010 for cleanup at the Portsmouth Gaseous Diffusion Plant, so long as the total transfer during that period does not exceed 1,125 metric tons of uranium. The uranium transfers will be consistent with the policies reflected in the Department’s Excess Uranium Management Plan and will comply with all applicable laws to ensure minimal impact on the domestic uranium market. The Department believes that the proposed uranium transfer would raise $150-$200 million per year.

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