Brazil / Lower House Approves Plan To Open Uranium Industry To Private Sector

Latin American country has only one operating mine
Lower House Approves Plan To Open Uranium Industry To Private Sector
Brazil has some of the largest uranium reserves in the world, but only a third of the country has been explored for the material. Courtesy INB.
Brazil’s lower house has approved a constitutional reform that authorises the private sector to enter the uranium sector, which is currently the exclusive responsibility of state-run Indústrias Nucleares do Brasil (INB).

INB controls all activities related to mining of materials used for generating nuclear power. The country currently has to import most of the uranium used to power Brazil’s only commercial nuclear power station – the two-unit Angra.

The state-run firm will now be allowed to partner with private companies for uranium exploration and mining. INB would be able to also team up in related activities, such as processing of uranium ores, uranium enrichment and production, as well as the development of nuclear power technologies, the lower house said in a statement.

Want to keep reading?

Register free and get full access to NucNet for 14 days. No card required.

Republish or license this article

MORE THAN 30 YEARS OF NUCLEAR INDUSTRY REPORTING.

Subscribe for full access to every article, the archive and the SMR and AMR database.

Join NucNet