Thu, May 25, 2017 | updated 06:11 PM IST

Kazakhstan starts construction of Low Enriched Uranium bank

Updated: Sep 19, 2016 11:38 IST      
Kazakhstan starts construction of Low Enriched Uranium bank

New Delhi, Sept.19 (ANI): Kazakhstan has started the construction of a Low Enriched Uranium (LEU) bank.

According to a report of the Novosti-Kazakhstan, this was confirmed by Timur Zhantikin, the Deputy Head of the Kazakh Energy Ministry's Atomic Committee.

Kazakhstan and the International Atomic Energy Agency (IAEA) signed an agreement to set up the IAEA low enriched uranium bank in Oskemen, Eastern Kazakhstan in August 2015.

Zhantikin was quoted, as saying that the uranium bank will be located in a separate building at the Ulba Metallurgical Plant. The bank will be launched in the second half of 2017, he added.

According to the IAEA, the uranium bank in Kazakhstan will have a physical reserve of up to 90 tons of low enriched uranium, which is sufficient to run a 1,000 MWe light-water reactor.

Such a reactor can power a big city for three years. The plant has been handling and storing nuclear material, including LEU, safely and securely for more than 60 years.

The establishment and operation of the bank is fully funded through USD 150 million of voluntary contributions from a nuclear threat initiative, the United States, the European Union, the United Arab Emirates, Kuwait, Norway and Kazakhstan.

The LEU bank is an assurance of supply mechanism of last resort, and will be a physical reserve of LEU available for eligible IAEA member states.

Owned and controlled by the IAEA, the LEU Bank will host a reserve of LEU, and act as a supplier of last resort for member states in case the supply of LEU to a nuclear power plant is disrupted due to exceptional circumstances and the Member State is unable to secure LEU from the commercial market or by any other means.

The IAEA LEU Bank will be a physical reserve of up to 90 metric tons of low enriched uranium suitable to make fuel for a typical light water reactor, the most widely used type of nuclear power reactor worldwide.

The LEU can be used to make enough nuclear fuel to power a large city for three years.

This will provide member states with additional confidence in their ability to obtain nuclear fuel in an assured and predictable manner in the event there is disruption in existing fuel supply arrangements due to exceptional circumstances and when LEU can be obtained by no other means.

The IAEA LEU Bank will be located at the Ulba Metallurgical Plant in Oskemen, Kazakhstan. It is anticipated that it will take about two years from the signature of the IAEA LEU Bank agreements to do all the necessary work to bring the IAEA LEU Bank into operation.

The bank is part of global efforts to create an assured supply of nuclear fuel to countries in case of disruption of the open market or of other existing supply arrangements for LEU.

Other assurance of supply mechanisms established with IAEA approval include a guaranteed physical reserve of LEU maintained by the Russian Federation at the International Uranium Enrichment Centre in Angarsk, Russia, and an assurance of supply guarantee for supplies of LEU enrichment services in the United Kingdom. The United States also operates its own LEU reserve.

A key principle of the IAEA LEU Bank, as an assurance of supply mechanism of last resort, is that it must not distort the commercial market. The availability and operation of the IAEA LEU Bank is consistent with the rights of IAEA Member States to develop research, production and use of nuclear energy for peaceful purposes.

A member state which needs to purchase LEU from the IAEA LEU Bank must have a comprehensive safeguards agreement with the IAEA in force and no issues relating to safeguards implementation in that member state under consideration by the IAEA Board of Governors. (ANI)

Trump challenges Beijing in disputed South China Sea

Updated: May 25, 2017 18:07 IST     

New York [U.S.], May 25 (ANI) : The United States under President Donald Trump has challenged China by sailing its Navy destroyer near a disputed South China Sea island controlled by China.

Full Story >>

Two neo-nazi roommates killed for disrespecting Muslim faith

Updated: May 25, 2017 15:29 IST     

Tampa [U.S.A.], May 25 (ANI): Dramatic developments shook Tampa as a Florida man, Devon Arthurs, shot two of his neo-nazi roommates on Friday.

Full Story >>

Islamabad [Pakistan], May 25 (ANI): After the Pakistani media mocked Prime Minister Nawaz Sharif for being denied a speech at the U.S.-Arab Islamic summit on counter-terrorism in Riyadh last week, Foreign Office spokesperson Nafees Zakaria said on Thursday that the Prime Minister could not deliver the speech due to "shortage of time."

Full Story >>

Islamabad [Pakistan], May 25 (ANI): A three-judge special bench will hear Pakistan Prime Minister Nawaz Sharif's son's plea, objecting the presence of two Joint Investigation Team (JIT) officers for the family's investigation in the Panama Papers leak on May 29.

Full Story >>

Moscow [Russia], May 25 (ANI): The United States Government has lost track of USD 1 billion worth of military equipment from its assistance packages in Iraq due to its shoddy record-keeping processes, according to a new report.

Full Story >>

NATO to formally join U.S.-led anti-'Islamic State' coalition

Updated: May 25, 2017 12:08 IST     

Berlin [Germany], May 25 (ANI): The North Atlantic Treaty Organisation (NATO) will formally join the United States-led coalition against the Islamic State extremist group, DW reported, citing sources.

Full Story >>

Beijing [China], May 25 (ANI): Chinese state run media has criticised India's move to block Chinese power firms, citing "India's boycott of Chinese equipment would eventually make its people the biggest losers."

Full Story >>

United Nations, May 25 (ANI): The United Nations (UN) has dismissed Pakistan's claim that the Indian Army targeted UN military observers in Pakistan occupied Kashmir (PoK).

Full Story >>

Rawalakot [Pakistan occupied Kashmir], May 25 (ANI): The locals in Pakistan occupied Kashmir (PoK) carried out protests against Islamabad's oppressive policies and grave human rights violations in the region.

Full Story >>

Kathmandu [Nepal], May 25 (ANI): Nepali Congress (NC) President Sher Bahadur Deuba has assured the people that the change in government will not affect the second phase polls as outgoing Prime Minister Pushpa Kamal Dahal handed in his resignation on Wednesday.

Full Story >>

New York [USA], May 25 (ANI): A U.S. Navy warship sailed close to a disputed South China Sea island controlled by China, U.S. officials said on Wednesday.

Full Story >>

New York [U.S.], May 25 (ANI): Donald Trump's rival in the last presidential election, Hillary Clinton slammed the budget proposal forwarded by the Trump administration on Wednesday, saying it would cause "an unimaginable level of cruelty."

Full Story >>

London [UK], May 25 (ANI): British Prime Minister Theresa May will confront United States President Donald Trump over leak of information about the Manchester Arena attack from the investigation when she meets him at a NATO summit in Brussels on Thursday.

Full Story >>

Taiwan's top court paves way to legalise same-sex marriage

Updated: May 25, 2017 06:57 IST     

Taipei [Taiwan], May 25 (ANI): In an historic decision, the constitutional court in Taiwan, which is country's top most court, has ruled that current law defining marriage as exclusively between a man and a woman was 'unconstitutional', thus paving way for the first same-sex marriage law in Asia.

Full Story >>

Donald Trump arrives in Brussels to attend NATO summit

Updated: May 25, 2017 06:53 IST     

Brussels [Belgium], May 25 (ANI): United States President Donald Trump arrived in Brussels on the fourth leg of his first foreign trip since taking office after visiting Saudi Arabia, Israel, and Vatican City.

Full Story >>

Washington D.C. [USA], May 25 (ANI): United States President Donald Trump's former campaign chairman, Paul Manafort, has submitted documents consisting of 205 pages to the House and Senate intelligence committees this week in relation to the ongoing investigation of Russian meddling in the 2016 presidential election.

Full Story >>

Seventh person arrested in Manchester Arena attack

Updated: May 25, 2017 05:04 IST     

London [UK], May 25 (ANI): A man in Nuneaton, Warwickshire has been arrested by the British Police in connection with the Manchester Arena terror attack in which 22 people were killed and several others injured.

Full Story >>

London [UK], May 25 (ANI): The UK Government has expressed its anger after a U.S. newspaper published photos apparently showing the scene of the Manchester Arena attack that left 22 dead and several others injured.

Full Story >>

Police arrests sixth person in Manchester Arena attack

Updated: May 25, 2017 03:37 IST     

London [UK], May 25 (ANI): A woman has been arrested by the British Police in connection with the Manchester Arena terror attack that left 22 people dead and several others injured.

Full Story >>

London [UK], May 25 (ANI): Campaigning for the general election in United Kingdom will resume on Friday after it was suspended following the terrorist attack at the Manchester Arena that claimed 22 lives.

Full Story >>