Argentine uranium mine set to reopen

19 June 2007

An agreement has reportedly been reached between Argentina's National Atomic Energy Commission (CNEA) and the Salta provincial government for the reopening of the Don Otto uranium mine. The mine, which saw intermittent production between 1963 and 1981, is located near the western edge of the Salta Basin. Globe Uranium of Australia, which controls 1044 sq km of tenements in the immediate vicinity of Don Otto, welcomed the announcement. Mark Sumich, Globe's managing director, said: "this announcement gives us enormous confidence in our decision to explore for uranium in the Salta Province of Argentina, as a jurisdiction that both encourages the mining of uranium and one that can make its permitting decisions expeditiously." Sumich also noted that as the Don Otto mine is close to Globe's tenements "there may be potential in the future for Globe Uranium to leverage off or share the mine infrastructure" should Globe develop its resources. A statement by Globe said that any off-take agreement for the sale of uranium to the Argentine government would be at international market prices.

Further information

CNEA
Globe Uranium

WNA's Nuclear Power in Argentina information paper

---