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June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  First of all, there is some dispute between our view and the MDS Nordion view of that 40-year agreement. I don't want to get too far down a path of discussing our legal situation, but I need to say that you made the statement on the presumption that we have a 40-year supply agree

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  We do not have, in our opinion, a 40-year supply obligation as per the contract.

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  We intend to continue supplying isotopes from the NRU through to 2011, and we intend to pursue the relicensing of the NRU to extend it beyond that time and to continue to produce isotopes.

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  I can't give you an answer to that. It would be fair to say that a typical licence extension would be for a five-year period, so we would expect that would be the minimum we would plan to apply for in relicensing the reactor.

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  What I can say is that we certainly understand the concerns that anybody in this supply chain or in the medical or health care community might have and their desire to have the highest level of certainty they can. We can only control what we can control, which in this particular

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  Well, at the highest level of aggregation, which is where I play in this particular area, essentially the CANDUs that we design are literally 75 to 100 times the power output of the MAPLE reactor; that is, 750 megawatts to more than 1,100 megawatts versus 10 megawatts. The CANDU

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  I've had direct discussions with one institution and I know there are others that have expressed an interest. We certainly are very receptive to any and all parties interested in undertaking some element of isotope production.

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  We have in our recent history—in the last 12 years—delivered CANDU 6 reactors successfully in several foreign jurisdictions, notably Korea, China, Romania, and, prior to that, Argentina, and in all cases have delivered those reactors on time and on budget to the customer. One of

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  Certainly we at AECL are contractually bound to produce isotopes for our business partner, MDS Nordion, so we have a business relationship in place. In terms of other producers who have a nuclear reactor and can do that, there is no intellectual property control that we exercise

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  I can't necessarily respond. The work was done and the report was issued in the early fall timeframe of 2007. So the work was done in the spring and fall of 2007, I would assume. That's not firsthand knowledge.

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  Yes. We expect we will be employing more people at both Chalk River and Sheridan Park in the future. I just mentioned Project New Lease, a project at Chalk River. It is a significant multi-year project that will require very sophisticated engineering and scientific expertise to

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  I must admit, I lost track a little bit of what you wanted me to comment on.

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  We have achieved a 95%-plus reliability track record in terms of delivery of isotopes. We have invested substantial funds in maintaining and upgrading the reactor to be able to maintain that high level of performance. As a newcomer to the company, I find it quite impressive that

June 5th, 2008Committee meeting

Hugh MacDiarmid

Natural Resources committee  The exploration of a successor research reactor is something that extends well beyond the walls of AECL. It's something that has certainly been discussed very thoroughly in research, academic, and scientific circles, and there's a strong desire that there be an ongoing research r

June 5th, 2008Committee meeting

Hugh MacDiarmid