05 October 2005
Algeria is working to establish a new uranium extraction industry. The North African country is anticipating growing demand for power of nuclear origin and efforts are underway to create incentives in the mining sector. In this context, the energy and mining ministry, in collaboration with the International Atomic Energy Agency (IAEA) will organize a special information session aimed at attracting the interest of professionals in the field.
Algeria is working to establish a new uranium extraction industry. The North African country is anticipating growing demand for power of nuclear origin and efforts are underway to create incentives in the mining sector. In this context, the energy and mining ministry, in collaboration with the International Atomic Energy Agency (IAEA) will organize a special information session aimed at attracting the interest of professionals in the field.
The event to be held next Saturday, which will be called "uranium exploration," aims at addressing the dual issues of high energy demand and the environmental aspects as related to the Kyoto protocol along with the necessity of establishing cleaner and renewable sources of energy.
Worldwide, nuclear energy accounts for about 6% of total energy production. 16% of electricity produced globally is generated by 439 nuclear power plants. And as the price of uranium grew from $28 per kilo in 2003 to $75 per kilo in 2005, Algeria is looking to duplicate its successful oil and gas program in the uranium extraction business.
© The North Africa Journal 2005
