Dec 20 Russian-controlled Uranium One,
the world's fourth-biggest producer of the radioactive metal,
will replace its chief executive at the end of December, the
company said on Tuesday.
Eduard Smirnov, currently the Toronto-based company's
manager of corporate projects, will become acting CEO, replacing
Chief Executive Feroz Ashraf.
Ashraf will advise Uranium One for six to 12 months. The
company is a subsidiary of Russia's state-owned nuclear industry
Uranium miners have struggled through nearly six years of
weak prices for the metal mined to produce fuel for nuclear
reactors. The slump was triggered by Japan's 2011 tsunami that
led to the shutdown of all of the country's nuclear reactors.
(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by