• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Energy Market
    Energy News
    Energy Stocks
    • Energy Market
    • Energy News
    • Energy Stocks
    uranium investing

    Australia-India Uranium Deal Receives Conditional Approval

    Kristen Moran
    Sep. 10, 2015 04:30PM PST
    Energy Investing
    Uranium Investing

    The Australia-India uranium trade agreement, which could be worth up to $1.75 billion, is one step closer to being finalized. The Australian treaties committee cautiously supported the deal this week, as long as a list of safety regulations are met.

    The Australia-India uranium trade agreement, which could be worth up to $1.75 billion, is one step closer to being finalized. The Australian treaties committee cautiously supported the deal, as long as a list of safety regulations are met. 
    The committee recommended that no sale take place until the nuclear safety regulations are met and security at Indian nuclear facilities is addressed. The set of conditions that came with the approval included the establishment of an independent nuclear regulator in this country, separation of Delhi’s civil and military nuclear facilities and the allowance of safety inspections.
    According the World Nuclear News, India represents a major potential market for Australia’s uranium, but India’s status as a nuclear-armed country that has not signed the international Nuclear Non-Proliferation Treaty (NPT) complicates the situation.


    While the agreement hasn’t yet gone through, Australian Liberal-National MP Wyatt Roy told the Australian Broadcasting Corporation (ABC) that the deal could increase export revenue by $1.75 billion, almost double the size of Australia’s uranium mining industry and would be especially lucrative for rural and remote areas.
    “The agreement offers the potential for Australia to become on of the world’s leaders in supplying fuel for low carbon emissions electrical power for expanding economies,” Roy told the publication.
    According to the World Nuclear Association, India has 21 nuclear reactors currently in operation, six currently under construction, 22 planned and an estimated 35 proposed. The South Asian country has a fast-growing nuclear power program and expects to have 14,600 MWe nuclear capacity on line by 2020. It aims to supply 25% of electricity from nuclear power by 2050.

    Considering those numbers, it is evident India is going to need a fair amount of uranium to meet its growing nuclear needs. Mark Chalmers, chair of the Australian Uranium Council, told ABC that “Australia [could] certainly increase its uranium production, probably two or threefold from what it’s currently producing,” but admitted that the uranium price would have to almost double for Australian uranium miners to capitalize on the deal.
    “Low uranium prices are plaguing Australia and other producers around the world and that’s the number one impediment,” Chalmers said.
    The agreement between the Government of Australia and the Government of India was signed in September 2014. It was tabled before the bipartisan Joint Standing Committee on Treaties (JSCOT) in October.
     
    Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article. 
    carbon emissionsuranium investingaustraliaindianuclear power
    The Conversation (0)

    Go Deeper

    AI Powered
    Abstract financial chart with industrial imagery and global map background.

    Uranium Price Update: Q2 2025 in Review

    Uranium Outlook

    Uranium Outlook

    Latest News

    Angkor Resources Receives Approval to Incorporate Mussel Basin into Block VIII Oil and Gas License, Cambodia

    Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

    SAGA Metals Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating

    Auking Completes A$5m Riverfort Facility

    Snow Lake Completes AMU Investment

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Energy Investing Stocks

    Saga Metals

    SAGA:CA

    Basin Energy

    BSN:AU

    AuKing Mining

    AKN:AU

    North Shore Uranium

    NSU:CC

    Skyharbour Resources

    SYH:CA

    American Uranium

    AMU:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×