A Canadian company has purchased 550 tons of Iraqi uranium concentrate worth $90 milllion. Sakatoon-based uranium producer Cameco Corp., the world's largest producer of uranium, won the contract last year. But although the Iraqi cabinet only approved the sale on Tuesday, the last remains of the country's uranium concentrate or "yellow cake" had already been secretly transported to a Canadian port in July 2008 with US support. Iraqi government spokesman Ali al-Dabbagh told AFP on Tuesday that since the country has signed the nuclear Non-Proliferation Treaty, it no longer needs this material accrued by former dictator Saddam Hussein, and the...
