Saudi plans to extract uranium

Extracting its own uranium also makes sense from an economic point of view, said Hashim bin Abdullah Yamani, head of the Saudi government agency tasked with the nuclear plans

ABU DHABI: Saudi Arabia plans to extract uranium domestically as part of its nuclear power programme and sees this as a step towards “self-sufficiency” in producing atomic fuel, a senior official said on Monday.

Extracting its own uranium also makes sense from an economic point of view, said Hashim bin Abdullah Yamani, head of the Saudi government agency tasked with the nuclear plans, the King Abdullah City for Atomic and Renewable Energy (KACARE).

In a speech at an international nuclear power conference in Abu Dhabi, he did not specify whether Saudi Arabia seeks to also enrich and reprocess uranium.

Saudi says it wants to tap atomic power for peaceful purposes only in order to diversify its energy supply and will award a construction contract for its first two nuclear reactors by the end of 2018.

“Regarding the production of uranium in the kingdom, this is a programme which is our first step towards self-sufficiency in producing nuclear fuel,” Yamani told a conference organised by the International Atomic Energy Agency (IAEA). “We utilise the uranium ore that has been proven to be economically efficient.”

Saudi Arabia would be the second country in the Gulf Arab region to tap nuclear after the United Arab Emirates, which is set to start up its first, South Korean-built reactor in 2018.

The UAE has committed not to enrich uranium itself and not to reprocess spent fuel.

Industry sources have told Reuters Saudi Arabia is reaching out to potential vendors from South Korea, China, France, Russia, Japan and the United States for its first two reactors.

The plans have received extra momentum as part of Saudi Arabia’s Vision 2030, an ambitious economic reform programme launched last year by Crown Prince Mohammed bin Salman.

Yamani said Saudi Arabia will soon pass laws for its nuclear programme and will have set up all of the regulations for its nuclear regulator by the third quarter of 2018. Full story @ timesofoman.com/world