Mega Uranium in Deal to Supply Japanese Nuclear Plants

23 July 2009 (Last Updated July 23rd, 2009 18:30)

Canadian miner Mega Uranium and its Japanese partners have signed an agreement to supply uranium to six Japanese nuclear plants from as early as 2011 through a proposed project in Western Australia. The plants will be supplied with uranium from Mega’s proposed Lake Maitland uranium mine

Canadian miner Mega Uranium and its Japanese partners have signed an agreement to supply uranium to six Japanese nuclear plants from as early as 2011 through a proposed project in Western Australia.

The plants will be supplied with uranium from Mega’s proposed Lake Maitland uranium mine in cooperation with partner firms JAURD and Itochu, theaustralian.news.com reports.

The nuclear plants are owned by Kansai, Kyushu and Shikoku, which are key shareholders in JAURD.

The nuclear plants have a combined capacity of 17,000MW and Mega confirmed the project should begin production by 2011.

The Maitland mine is awaiting approval from the state government and is expected to create more than 200 jobs for at least 12 years, theaustralian.news.com reports.