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3/14/09

Vena Resources (VEM.to) springs to mind

Name me the junior miner that has Cameco as its JV partner and is exploring for uranium in the Puno region? Yeah, that's VEM.to. Check this out:

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13-03-2009 16:03

Peru likely to export uranium by 2011

Lima (ANDINA).- In the next two years, Peru may export uranium and be one of the four Latin American countries to have a nuclear reactor generating electricity in several remote areas of the country, the president of the Peruvian Institute of Nuclear Energy (IPEN) Conrado Seminario said Thursday.

He noted that IPEN currently promotes a bill encouraging private investment in the electric core field with the purpose of having an alternative electricity generation source to fossil fuel, hydro-electric and wind power.

In the future, given the oil, gas and water shortage caused by global warming, the atomic reactors would be the substitutes to generate electricity and avoid stagnation of industrial and human activities.

Seminario said that in the world there is a resurgence of nuclear power, driven by the high cost and scarcity of traditional fuels and in the Peru the nuclear activity has also resumed in the context of technical cooperation in Latin America which had remained stagnant.

"In 2008, a provision enabling the IPEN be part of the Energy Guide Plan Commission was issued. This committee will seek to modify the energy matrix which has remained unchanged for years. Its amendment will provide access to other energy sources including nuclear," he said.

The scientist said that the work is going well and state that there are projects to export uranium by 2011 after checking the prospecting works which mining companies are currently conducting in the region of Puno.