Brazil has announced it is to resume exploration for uranium in the country after a 40-year hiatus as it eyes “an avenue of opportunities” following the tripling of the uranium price in recent years.
State-owned nuclear fuel cycle company Indústrias Nucleares do Brasil (INB), which is under the control of the Ministry of Mines and Energy, said in a statement on 21 August that it had launched a programme to work in partnership with companies in the mining sector.
“New research will be carried out in areas known for their great mineral potential for this valuable substance, which is the most accessible raw material for nuclear energy generation,” INB said.