The Don Otto uranium mine in Argentina is to start up again after being closed for over 25 years. Uranium was mined at the Don Otto mine on and off between 1963 to 1981. Over the last two years uranium prices have climbed dramatically, meaning companies are reexamining whether old mines can be operated profitably.
Argentina will need more uranium from 2012 when its third nuclear power station is due to come on line. Currently Argentina imports the 3500 tonnes per annum it needs for its two nuclear power stations, the third power station will take this demand up to 7500 tonnes per annum.
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