Hungary's government is looking at a possible relaunch of
uranium production near the Southern city of Pecs, state news
agency MTI reported Tuesday citing the city's mayor.
The government has started a social, technological and
environmental inquiry into the feasibility of restarting
production, Zsolt Pava said at a press conference in Pecs.
The restart idea reemerged due to a rise in the price of
uranium, state secretary responsible for climate and energy, Pal
Kovacs said at the event.
Should the inquiry find that production can be made in an
environmentally friendly, profitable manner, the government will
consider restarting mining operations, Mr. Kovacs said.
Government-owned Mecsek-Oko and Mecsekerc signed a cooperation
agreement with Australia's Wildhorse Energy (WHE.AU) earlier this
year to exploit the area.
Uranium mining in the region halted in 1997 after low prices
made production unprofitable.
Write to Marton Eder at marton.eder@dowjones.com