India eyes Australia uranium assets: Report

  • India eyes Australia uranium assets: Report

    SYDNEY: Energy-hungry India will consider acquiring Australian uranium mining assets if a controversial ban on exports to the nuclear power is lifted, a report said Tuesday.

    Australia has the world's largest reserves of uranium and senior New Delhi officials said the country could move to buy up assets if a ban on sales is removed, as favoured by Prime Minister Julia Gillard.

    "Once Australia comes into the fold all properties will be reviewed," said A.K. Sarangi, deputy general manager of strategic planning at the Uranium Corporation of India, the government agency responsible for mining and purchases.

    "Australian deposits will be a target along with assets in other countries," he added to The Australian newspaper.

    webmasters comment:

    Australia's image dropped significantly with the recent uranium sales announcements to India, now they will just play the card differently and drop the blowback on India. But still, somehow it is ok to sell uranium mining rights to a country that is not a signatory of the Nuclear Non-Proliferation Treaty?

    Also, why is Australia selling it's uranium mines if the industry is suppose to pick up with great pace?