The Atomic Energy Commission of India has approved an investment of over $2 billion in thirteen new uranium projects as well as the expansion of an existing mining project at Jharkhand, a state located in the northeastern part of the country.
C.K. Asnani, chairman and managing director of state-owned Uranium Corporation of India Limited, said that a large uranium resource had been established at the Lambapur-Peddagattu region in India’s southern state of Telangana where Uranium Corporation proposes to set up an open pit and three underground mines. A central plant 30 miles from the mine site for in situ leaching is also planned. The deep underground uranium extraction will take nearly seven years, Asnani added.
