ArcaMax Publishing, Inc.

From the ArcaMax Publishing, News & Features Newsletter:
http://www.arcamax.com/news/newsheadlines/s-374356-860347

Controversial Iraqi uranium in Canada

MONTREAL (UPI) -- Questions were flying Monday in Montreal as to why 550 tons of Iraqi uranium were being shipped through the port for processing.

News of the uranium's arrival Saturday reportedly came as a surprise to Gordon Edwards, president of the Canadian Coalition for Nuclear Responsibility, The Gazette newspaper reported Monday.

Some 50 trucks will transport the uranium, also known as yellowcake, to the northern Ontario town of Blind River. It will be processed at a facility owned by Cameco Corp., the world's largest publicly traded uranium company, the report said.

Cameco spokesman Charlie Martens said the purchase was part of a U.S.-brokered deal and "is not top secret," although its value wasn't disclosed.

"We are taking uranium out of politically volatile part of the world," Martens said.

Edwards said he's puzzled by the size of the purchase, as only about 15 percent of uranium processed by Cameco is used as fuel in nuclear reactors.

"It seems a very strange thing that they would be bringing in all this uranium," he told the Gazette.

This news arrived on: 07/07/2008
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