The Science and Technology Agency formally notified JCO Co. on Tuesday that it will revoke the firm's business license because it is responsible for causing Japan's worst nuclear accident at its uranium-processing plant in Tokai, Ibaraki Prefecture.
JCO, which is owned by Sumitomo Metal Mining Co., will take care of compensation issues with the accident victims, dispose of its remaining uranium and manage the waste.
Tokai Mayor Tatsuya Murakami said he supports the agency's action to revoke JCO's license.