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SMH reported Australia has agreed to sell uranium to the United Arab Emirates as the nation plans a switch to nuclear power.
SMH reported Australia has agreed to sell uranium to the United Arab Emirates as the nation plans a switch to nuclear power.
As quoted in the market news:
Foreign Minister Bob Carr signed a safeguards agreement in Abu Dhabi yesterday, intended to guarantee Australian uranium is used only for peaceful purposes.
The deal, potentially worth up to $200 million in yellowcake exports, follows the controversial shift by Prime Minister Julia Gillard last year to overturn Labor’s ban on uranium sales to India.
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