IAEA Says to Report on Iran's Enrichment Level Soon
Inspectors from the International Atomic Energy Agency (IAEA), who are in Iran, will report back once they have checked the level of Tehran’s enrichment level, the agency said on Sunday.
“We are aware of Iran’s announcement related to its uranium enrichment level,” a spokesman for the agency said, according to Reuters.
“IAEA inspectors in Iran will report to our headquarters as soon as they verify the announced development,” it added.
It came after Iran on Sunday declared second step in reduction of its commitments under the 2015 nuclear deal between Tehran and world powers by ramping up the level of uranium enrichment to over 3.67 percent.
The formal announcement was made at a press conference in the president’s office in Tehran.
The joint press conference was attended by Spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi, Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi, and the Administration’s Spokesman Ali Rabiee.
Kamalvandi announced that Iran has increased the level of uranium enrichment to supply fuel for its nuclear power plants.
The enrichment would stand at 5 percent for now, he said, adding that Iran may begin higher-grade uranium enrichment to produce fuel for the Tehran nuclear reactor in future.
Tehran’s new decision to increase the level of uranium enrichment to a higher percent purity level came after the JCPOA parties missed a 60-day deadline to fulfill their undertakings and ensure Iran’s economic interests under the agreement.
President Hassan Rouhani had warned on Wednesday that the second step of reduction in Iran’s commitments would take place on Sunday, saying, “On July 7, the level of (uranium) enrichment in Iran will not be 3.67 percent anymore, as we will abandon such a commitment and increase it (enrichment) to any amount that we need.”
source: Tasnim News Agency
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Resolute Mining says it will pay Mali $160 million in tax dispute
Gold loses some luster after Trump’s decisive win
BHP to spend up to $14 billion on Chilean copper expansion
Trump chooses oil fracking boss as energy secretary
Newmont sells Ontario gold mine to Orla for $850 million
South Africa police standoff with illegal gold miners escalates
BHP warns Australian mining not ready for low-cost competitors
Filo expands copper-gold Aurora zone in Argentina amid sale
Mining’s old guard needs strong medicine
Adani’s Australian coal unit faces human rights complaint
Hedge funds slash bullish wagers on gold before war jitters
Gold price set for biggest weekly jump in 20 months on haven demand
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Filo expands copper-gold Aurora zone in Argentina amid sale
Mining’s old guard needs strong medicine
Adani’s Australian coal unit faces human rights complaint
Gold price set for biggest weekly jump in 20 months on haven demand
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence