Printer Friendly

Iran denies deal to import Kazakh uranium.

Byline: Tehran

Iran on Wednesday denied as "baseless" a report it was close to clinching a deal to import 1,350 tons (1,372 tonnes) of purified uranium ore from Kazakhstan to restock its depleted reserves.

Any such deal would violate UN sanctions imposed on Iran in 2006 over its nuclear programme. Uranium ore, also known as "yellow cake", can be enriched to use for fuel either for reactors or nuclear weapons.

The report by the Associated Press news agency cited an intelligence report by an unnamed member nation of the UN's International Atomic Energy Agency (IAEA).

It said Iran was willing to pay $450 million for the uranium and that the clandestine deal, to be sealed with Kazakh state employees acting without the approval of the Kazakh government, could be completed within weeks.

"Such fabrications of news are part of the psychological warfare (against Iran) to serve the political interests of the hegemonic powers," Iran's representative at the United Nations said in a statement faxed to Reuters.

The US and its European allies accuse Iran of planning to produce a nuclear bomb and are weighing further sanctions. Tehran says it only wants to generate electricity.

A US thinktank said earlier this year Iran may be close to exhausting its yellow cake supplies and lacks the resources to sustain processing and enrichment activities.

A Western diplomat in Vienna said his country was aware of the intelligence and was concerned about it, but could not say whether or not it was accurate.

Kazakhstan denied the report.

"Everything Kazakhstan does in the uranium industry is done in accordance with the IAEA standards and under the control of this organisation," Kazakhstan's Foreign Ministry spokesman Yerzhan Ashykbayev said.

The amount of ore mentioned in the report would account for almost a tenth of Kazakhstan's 2009 output. The spot market price for 1,350 tonnes of yellow cake would be around $130 million, less than a third of Iran's reported bid.

Kazakhstan's state nuclear company Kazatomprom said on Wednesday it would produce 13,900 tonnes of uranium this year and 18,000 in 2010.

More than three-quarters of the total is produced by joint ventures with companies such as France's Areva and Canada's Uranium One.

The IAEA declined to comment on the report. -- Reuters

Copyright 2008

Copyright 2009 Al Hilal Publishing & Marketing Group

Provided by an company
COPYRIGHT 2009 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:TradeArabia (Manama, Bahrain)
Date:Dec 30, 2009
Previous Article:Gulf Air website tops in social media network.
Next Article:Enoc stations mull self-service concept.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters