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. Last Updated: 07/27/2016

Russia Seeks African Ventures

APTrutnev and Dlamini-Zuma attending a trade conference in Pretoria in 2006.
PRETORIA, South Africa -- Russia is seeking investment in new nuclear power stations and joint uranium mining ventures in South Africa, Natural Resources Minister Yury Trutnev said Thursday.

Trutnev would not specify how much money Russia was willing to spend in South Africa, which wants to ensure stable energy supplies for its booming economy and ease concerns over power shortages.

"Exactly as much as would be needed if we hopefully win a tender," he said when asked how much money his country was prepared to pour into nuclear energy and mining in Africa's biggest economy.

South African Foreign Minister Nkosazana Dlamini-Zuma said the two sides were still in early discussions on the issue.

"We agreed and Russia is willing to work with us right from the mining right up to nuclear energy, right through the chain. So if we ask them to also do nuclear stations, they are willing," she said after talks with Trutnev.

Russia has also offered to build a nuclear power plant in Namibia, the head of the Federal Atomic Energy Agency, Sergei Kiriyenko said Friday, Interfax reported.

Kiriyenko told reporters on a visit to Namibia that Russian firms would also form a joint venture to mine uranium in the African state.

"Today Russia is present on all continents in the sphere of atomic energy but we had left out Africa," Kiriyenko said.

"Here there is a big potential market and we must be successful in this market."