Canada and Kazakhstan completed negotiations on the text of the Nuclear Cooperation Agreement

/IRBIS, September 25, 09/ - Canada has completed negotiations with Kazakhstan on the text of the agreement on nuclear cooperation, said in a Sept. 24 report published by the Department of Foreign Affairs and International Trade Canada, with reference to the statement by the head department of Stockwell Dey. This agreement on nuclear cooperation will ensure that all nuclear materials, equipment and technology transferred to Canada, will be used only for peaceful, non-explosive purposes. The Government of Canada and the Government of the Republic of Kazakhstan will now work to finalize the legal text of the agreement prior to its signing and implementation. The report stated that one of the companies that will benefit from this nuclear agreement is the Cameco Corporation, one of the world's largest producers of uranium. Since 1993, Cameco Corporation participates in the Canadian uranium projects in Kazakhstan. The company owns 60 % of JV Inkai ", which is developing fields in Kazakhstan. Canada currently has about 10 % of the global market for nuclear reactors. Turnover of the nuclear power industry in Canada is approximately $ 6.6 billion in annual revenue. [2009-09-25]