Uranium supply deal likely during Carney’s India visit

Cameco CEO Tim Gitzel to be part of the business delegation accompanying Canadian PM

- Anirudh Bhattacharyya [e-mail]

The deal is likely to be worth about CA$ 2.8 billion and will span a decade.

(REUTERS)

nking a deal to supply uranium to India is expected to be among the principal deliverables from Canadian prime minister Mark Carney’s visit to the country later this week.

Tim Gitzel, the chief executive officer (CEO) of one of the world's largest uranium suppliers, Cameco, will be part of the business delegation that will accompany Carney during the visit, Business Council of Canada CEO and president Goldy Hyder confirmed to the Hindustan Times. While Hyder could not confirm whether the uranium supply deal will be clinched during the visit, officials on both sides have indicated as much.

Cameco is headquartered in Saskatoon in the province of Saskatchewan and its premier Scott Moe will be part of the delegation joining Carney. On Tuesday, Moe was quoted by the agency Canadian Press as saying, “I would say there’s been an ongoing conversation and relationship with India about the potential for uranium sales, for example, and that has been part of virtually every conversation we have had with India.”