Showing posts with label trading. Show all posts
Showing posts with label trading. Show all posts

Monday, March 14, 2016

The Canadian Nuclear Horn (Daniel 7)


Canada to boost strategic ties with India with Defence, nuclear push 
NEW DELHI: Canada is planning to send a delegation to the Def Expo in Goa later this month to explore partnership in the area of defence electronics as it eyes an expansion in strategic ties with India, including an opportunity to set up nuclear reactors in the country.
India is among the top priorities for the Justin Trudeau government that came to power late last year, Canadian High Commissioner to India Nadir Patel told ET.
Last April PM Narendra Modi had the opportunity to meet Trudeau when the latter was the Opposition leader. A Canadian nuclear mission comprising nuclear firms and officials visited India in October last year and both sides have explored cooperation in pressurised heavy water reactors, training, capacity building and nuclear waste management.
“Following this visit there have been intense discussions between the officials of the two countries. Given the opportunity Canada could consider setting up nuclear reactors in India and upgrading Indian reactors run on CANDU (Canada Deuterium Uranium) technology,” Patel said.
Canada will follow the USA, Russia and France in setting up nuclear reactors in India if a decision is taken to allot the country a plant site.
Patel said Canada is partnering India in maintenance aspects of the nuclear sector. The civil nuclear partnership between the two countries entered a new phase with the conclusion of commercial pact during Modi’s trip for supply of uranium from the North American country to energy hungry India.
Following this the first tranche of uranium from Canada arrived here four decades after civil nuclear cooperation was suspended following the test at Pokhran. Canada will supply 3,000 metric tonnes of uranium beginning last year under a $254 million five-year deal to power Indian atomic reactors.

Monday, June 15, 2015

Canadian Horn Supplying India With Nukes (Dan 7:7)

Modi-Canada
After a pause of four decades, India to receive nuclear fuel supply from Canada in autumn 2015

15 Jun, 2015, 0400 hrs IST, Dipanjan Roy Chaudhury, ET Bureau
NEW DELHI: India is expected to start receiving nuclear fuel from Canada in autumn this year to power its atomic power plants, marking resumption of supply more than four decades after the North American country suspended supply of yellowcake in the backdrop of Pokhran-I atomic tests by India in 1974.
Senior officials of Cameco, Canada’s leading and one of the world’s largest uranium producers, visited India last week to discuss modalities for supplying nuclear fuel to the country, officials said. This followed signing of the uranium supply agreement between the two countries during Prime Minister Narendra Modi’s visit to Canada in April. “This is a concrete outcome of Prime Minister Modi’s visit to Canada this April. We are expecting first uranium supply later this year as part of the steady supply of nuclear fuel that has been agreed,” Canadian High Commissioner to India Nadir Patel told ET.
Patel said that tracking of nuclear fuel to be supplied will be carried out as per International Atomic Energy Agency safeguards as agreed by India and to the satisfaction of Canada. Canada will supply 3,000 metric tonnes of uranium to energy-hungry India under a $254 million five-year deal to power atomic reactors. Canada was the first country to complete the requirements for civil nuclear cooperation after India secured the unconditional waiver from the Nuclear Suppliers Group (NSG) in 2008. Subsequently, India and Canada signed a civil nuclear cooperation agreement in 2010. This was followed by the signing of an administrative arrangement in 2012.
Cameco has been holding commercial negotiations with Indian entities ever since for supply of uranium to fuel nuclear power plants in the country which has faced uranium shortage in the past.
Patel said the supply of uranium will be just one part of the comprehensive civil nuclear partnership. The Canadian civil nuclear trade mission to India in October will explore partnership for joint research and collaboration. This could include jointly producing civil nuclear reactors with Indian partners or setting up of nuclear reactors by Canadian companies, he said.
The high commissioner said Canada is positively viewing the clarification provided by India on the Nuclear Liability Law and Indo-US breakthrough on nuclear deal achieved during President Barack Obama’s trip to India.

Wednesday, May 6, 2015

The Canadian Nuclear Horn (Dan 7:7)

Canadian Nuclear Weapons
Canadian Nuclear Horn

Would you sell matches to an arsonist?

May 4, 2015

India, a country currently in a nuclear arms race with Pakistan, signed a new agreement to buy 3000 tons of Canadian uranium. They’ve promised to only use it for civilian purposes, but think about it: India is using up what would be civilian uranium to build nuclear bombs. That’s why they need more uranium. If you sell matches to an arsonist, it doesn’t matter if they use them for cigarettes or abandoned warehouses, you’re part of the problem.

The Nuclear Non-Proliferation Treaty was signed by 191 countries. Four haven’t: India, Pakistan, North Korea and Israel. I suppose you could call them rogue states if that term had any genuine meaning.

Our government openly worries about a nuclear Iran, a country that has zero nuclear weapons and who signed the treaty. And yet we sell uranium to a country with an active nuclear weapons program that’s had three wars with Pakistan since 1947 and several dangerous standoffs.

During one standoff in 2002 an asteroid caused an air burst over the Mediterranean. If that had happened closer to India and Pakistan, it could have triggered a nuclear war. And that’s just one of dozens of misunderstandings and mistakes involving nuclear weapons that make it a miracle we haven’t Three’s Companied ourselves into oblivion.

It doesn’t matter that the current government of India happens to be allies with Canada’s current government. A nuclear war is like a celebrity boxing match. Everyone loses. Studies show that even a limited nuclear exchange between India and Pakistan would kill millions of people immediately and cause a nuclear winter, agricultural collapse, and a global famine that could effectively end human civilization.

Or at least what we call civilization. If we want to be worthy of the name, we should probably stop actively trying to end ourselves.

Sunday, May 3, 2015

Increase In Uranium Mining Precedes Future Events (Rev 15:2)

 Increase In Global Production Of Uranium
TodayWorld
Published: May 2, 2015 at 1:58 pm
Modified: May 2, 2015 at 1:58 pm
Uranium, which is the fuel for nuclear reactors, is mined in only a few countries. Because of its growing demand and limited supply, it’s important to take a closer look at production of uranium.
In its latest report, the World Nuclear Association said that around 64% of the world’s total production of uranium was from Kazakhstan, Canada and Australia in 2013. In the last six years, the production of uranium has increased by more than 200% in Kazakhstan, while it has decreased in Canada and Australia. However, the global production of uranium has increased 43.4% during the past six years from 41,282 tonnes in 2007 to 59,370 tonnes in 2013. Now, it carters to 92% of the total demand in the world.
India’s total production of 385 tonnes was less than 1% of the world output. The South Asian country’s operational uranium mines are located in Jharkhand Province, while deposits have been found in Meghalaya, Andhra Pradesh and Telangana Provinces. As a result, India is holding talks with Kazakhstan, Canada and Australia for importing uranium to run its nuclear reactors.
As per the report published by World Nuclear Association, Kazakhstan (37.82% of the global production) was leading in uranium mining production in 2013. The Central Asian country was followed by Canada (15.72%), Australia (10.70%), Niger (7.61%), Namibia (7.28%), Russia (5.28%), Uzbekistan (4.04%), the US (3.02%), China (2.53%), Malawi (1.91%), Ukraine (1.55%), South Africa (0.89%), India (0.65%) and others (1.01%).
As per the data published by Power Reactor Information System of International Atomic Energy Agency in 2014, India ranked 13th in terms of power generation from nuclear source. However, the South Asian country stands at 7th position in terms of number of reactors in operation country-wise globally.

Sunday, April 19, 2015

India Closes Up Canadian Uranium Deal (Dan 7:7)

   Uranium supply to begin this year

Posted at: Apr 18 2015 2:05AM
Ottawa, April 17
The company is excited over the pact, which it says marks the “start of a new relationship” between the two countries. Cameco’s president and CEO Tim S Gitzel said the company would start delivering uranium by the second half of this year as per the schedule.

Cameco and the Department of Atomic Energy (DAE) signed an agreement here two days ago during the visit of PM Narendra Modi. Under the pact, the Canadian company will supply uranium over five years at a cost of 350 million Canadian dollars.
 

“We signed a binding contract under which Cameco will supply 700 million pounds of uranium to India over the next five years,” Gitzel said. — PTI

Saturday, April 18, 2015

The Canadian Nuclear Horn Sells Uranium To India (Rev 15:2)

 

 Canada to sell uranium to India in breakthrough deal

BY AGENCIES

Thursday, April 16, 2015

Canada: Why So Much Uranium? (Daniel 7:7)

 

 Canada, India agree to $350-million uranium supply deal

Steven Chase And Kim Mackrael
Ottawa — The Globe and Mail
Published Wednesday, Apr. 15 2015, 10:59 AM EDT
Last updated Wednesday, Apr. 15 2015, 8:08 PM EDT

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.


Canada banned exports of uranium and nuclear hardware to India in the 1970s after New Delhi used Canadian technology to develop a nuclear bomb.

Mr. Modi is the first sitting Indian prime minister to make a bilateral visit to Canada in more than 40 years – before relations chilled after New Delhi’s nuclear testing.

“Canada giving uranium to India is a mark of trust and confidence,” the Indian leader said.

Mr. Modi, whose country aims to increase its share of electricity generated by nuclear power to 25 per cent by 2050 from 4 per cent today, told reporters in Ottawa how highly he prizes the radioactive ore.

“For me, uranium is not just a mineral. For me, it is an article of faith [and] trust,” Mr. Modi said. “This is to save the world, in effect, to save the world from global warming and climate change.”
Cameco CEO Tim Gitzel said the Indian uranium deal represents a small portion of annual sales. For instance, Cameco expects to sell nearly 15,000 metric tonnes in 2015.

The agreement paves the way for the Saskatchewan company, the world’s second-largest uranium producer, to sell more in the years ahead as India vastly expands nuclear power generation. India’s nuclear energy building program is second only to China’s in scale.


He said much of the long-term growth Cameco sees in the uranium industry will come from India.

“We want to be the preferred seller to India,” he said. “Today is just the start of the relationship.”
Mr. Gitzel said Canada’s competitors include Kazakhstan, the world leader in uranium production, as well as Russia and the French.

Nuclear trade between Canada and India has the potential to go far beyond uranium, extending to exports of hardware.


A deal reached by U.S. President Barack Obama and Mr. Modi in January appears to represent a breakthrough on this matter. The leaders agreed the legal liability of U.S. nuclear technology suppliers would be limited. New Delhi would presumably extend this accommodation to other country’s suppliers.

Saskatchewan Premier Brad Wall, who played a major role in the deal, characterized the sale as helping a country with similar values and a boon for his province.


He said 45 per cent of Cameco’s work force in Saskatchewan is aboriginal. “This is the largest industrial employer of First Nations and Métis people in our province.”

The Premier said a starting job as a miner pays $60,000 to $70,000. “These are good careers.”

Critics of the deal suggest providing India with uranium for its nuclear power plants will free up New Delhi to use other stores of the radioactive ore for nuclear weaponry. Mr. Wall said Canada is “responsible for our uranium” – and ensuring it is used for peaceful means by India – and should not deny itself business in rapidly growing markets such as India and China.

Tuesday, January 13, 2015

The Australian Nuclear Horn Exporting Uranium To India (Daniel 7:7)

Australia to export uranium to India by 2017
 
Australian the Nuclear Horn
Australian the Nuclear Horn
 
World Bulletin
Update: 14:15, 12 January 2015 Monday

India has nuclear weapons and, like its neighbour Pakistan, has not signed the Nuclear Non-Proliferation Treaty (NPT). Australia has never before sold uranium to a non-signatory of the NPT.

World Bulletin/News Desk

Rio Tinto Ltd expects to start exporting Australian uranium to India in the next two years, its chief executive said, as soon as safeguards are in place to restrict its use to power generation.
“Once all those steps are in place, clearly there is an opportunity for us and Australia here,” Sam Walsh said on the sidelines of an energy conference on Monday.

India has nuclear weapons and, like its neighbour Pakistan, has not signed the Nuclear Non-Proliferation Treaty (NPT). Australia has never before sold uranium to a non-signatory of the NPT.

Indian Prime Minister Narendra Modi, who took office in May, aims to raise the share of nuclear power in electricity generation from just 3 percent, as part of a strategy to curb chronic power shortages and cut reliance on oil imports.

Modi and his Australian counterpart Tony Abbott sealed a deal in September for Australia to sell India uranium, in a show of international acceptance toward India’s nuclear programme.

India has nuclear energy agreements with 11 countries and imports uranium from France, Russia and Kazakhstan.

Rio Tinto is one of the world’s top uranium producers.

Wednesday, October 15, 2014

Why Canada Is One Of Ten Nuclear Horns (Revelation 7:7)

India, Canada clinch nuclear deal in record time

Canadian Uranium Mining


NEW DELHI: Canada and India are negotiating commercial contracts for supply of uranium for Indian nuclear reactors. “The nuclear agreement starts a new chapter in relations with India,” said John Baird, Canada’s foreign minister in an exclusive conversation with TOI.

Baird is in Delhi for the second round of strategic dialogue he held with Sushma Swaraj on Tuesday.
The restart of nuclear cooperation with Canada has been a long journey for both countries. Therefore it was a pleasant surprise to nuclear watchers here when India and Canada concluded their nuclear deal in virtually record time. The India-US deal still remains unconsummated and it will be a while before all the procedures are completed on the India-Australia front.

Canada expressing support for Indian membership of the Nuclear Suppliers Group. The two countries plan to cooperate on building higher capacity nuclear reactors. Indian reactors are based on the CANDU model. The DAE wants to upgrade Indian nuclear reactors from their current capacity of 200MW to 750MW, MEA spokesperson Syed Akbaruddin said as he brief on the discussions.

As a result of the conversations between Baird and Swaraj, the two countries will do some joint development. They will also joint host a nuclear security workshop in India with some 15 countries, the first such meet India would be organizing with another country.

Prime Minister Narendra Modi will have his first meeting with his Canadian counterpart, Stephen Harper, in Brisbane on the sidelines of the G-20 summit. Baird said, “I was very pleased to extend an invitation from Prime Minister Harper to Mr Modi to visit Canada as early as possible. I should add I had the pleasure of inviting him to Canada years ago, and we’ve never had any visa problems. We have had numerous ministers and parliamentarians who have visited him in Gujarat.”

The Khalistan issue is never far from India-Canada discussions. “Canada and India share a painful past when it comes to terrorism,” Baird said. “When I was in high school one of the victims of the Air India crash was a fellow student. So it’s a personal experience when I was very young. Terrorism is the great struggle of our generation from the Air India crash through 9/11 to what we are seeing today in Iraq.”

Skill development is something the Indian government is tapping Canada for. Akbaruddin said this would be mainly in the hydrocarbon and water management sectors.

Baird said, “We are excited about being a reliable supplier of oil and gas and helping India attain its development goals. Canadian companies have a lot of experience in green energy, and we hope they can lend their expertise to the new government as it seeks to tackle its challenges.”

Earlier, the Canadian foreign minister met Modi. A statement from the PMO said, “The Prime Minister welcomed close cooperation between India and Canada and expressed satisfaction at comprehensive nature of bilateral ties, including in areas of economic cooperation, agriculture, security, civil nuclear energy, education, and science and technology.”

Saturday, October 4, 2014

Australian Horn Abandons Nuclear Safegaurds

Australia may abandon nuclear safeguards in India uranium deal

Australian the Nuclear Horn
Australian the Nuclear Horn
Friday 3 October 2014 8:42AM

The government’s deal last month on nuclear co-operation with India, who are not a signatory to Treaty on the Non-Proliferation of Nuclear Weapons, suggests the Abbott Government may be abandoning Australia’s uranium safeguard conditions.

The terms of the agreement have been set by India and the country’s government has refused to provide reports on Australian uranium exports, which could be a contravention of Australia’s usual safeguard standards.