The visit of Australian premier Tony Abbott to India on September 4-5. during the visit ,a landmark deal for supply of much needed uranium for Indias nuclear reactors, is likely to be clinched. Australia has the worlds highest (31%) recoverable uranium resources. It is worlds third-largest producer of uranium after Kazakhstan and Canada . India that currently has 20 reactors. it hopes to increase its nuclear capacity to 63,000 MW by 2032 by adding another 30 reactors. India has not signed the Nuclear Non-Proliferation Treaty and if this deal materialises , it will make India the first non-NPT signatory to receive Uranium from Australia. Uranium is popularly called the yellow cake
Posted on: Fri, 05 Sep 2014 15:25:58 +0000
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