Australian Uranium

Central Chronicle reports on the discussion of  Indian and Australian uranium.

Australia holds approximately 30 per cent of the worlds estimated low-cost uranium reserves at more than 50 known economic deposits and minor occurrences. Significantly sized deposits exist in the far north of the Northern Territory, northern and central Western Australia and north-western Queensland and in central South Australia. Exploration by both domestic and foreign companies is continuing to expand. India’s needs of Uranium at the lowest cost from Australia could be a big boost for the much-needed nuclear energy.
Australia is likely to have a new Government in place after the next federal elections this year. What are the chances of the present Labour party leader Prime Minister Kevin Rudd winning the elections and getting re-elected? He is most likely to stick to his banal stand of refusing to sell the most-needed Uranium to India because he wants India to sign the Non Proliferation Treaty (NPT), which is irrelevant after the civil nuclear deal with the US in place and waiver from NSG.
The budget announced by the Labour party this year has brought down the image of Rudd by 11 per cent which indicates that the present government is not popular with the people. Hence the chances of the Liberal party coming to power are bright and so are the chances of the cheapest uranium sale to India.

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