Statement to the Select Committee of the Legislature by the Minister of Energy on Ontario Hydro's Uranium Supply Contracts with Denison Mines Ltd. And Preston Mines Ltd

摘要

Contracts between Ontario Hydro and two uranium suppliers, Denison Mines and Preston Mines, provide the utility with an assured supply of uranium from 1980 to 2011 at below world price, and give the suppliers financial aid in expanding their facilities. The total value of these contracts in 1978 dollars is $6.3 billion. Ontario Hydro decided to seek long-term supply contracts because there is expected to be continuing pressure on available uranium supplies wth steadily rising prices. The government of Ontario believes the contracts to be in the public interest. (Atomindex citation 11:553149)