Skip to main content

Australia to Sell Uranium to India

From Nuc Net:
Australia has decided to change its foreign policy to allow the export of uranium to India, but only subject to a number of “strict conditions”, prime minister John Howard has announced.

In a statement today Mr Howard said conditions for uranium exports to India, which has not signed the Nuclear Non-Proliferation Treaty (NPT), include:

• Conclusion of a suitable safeguards agreement between India and the
International Atomic Energy Agency (IAEA) covering all designated civil nuclear facilities;

• A consensus decision by the 45-nation Nuclear Suppliers Group (NSG) to
make an exception to its guidelines enabling international civil supply to India;

• Conclusion of a bilateral civil nuclear cooperation agreement between
India and the US;

• Satisfactory progress in implementing India’s commitment to place
designated civil nuclear facilities under IAEA safeguards in perpetuity.

Mr Howard said Australian uranium supply to India would also be conditional on the conclusion of a bilateral Australia-India safeguards agreement providing assurances that Australian uranium would remain in peaceful uses at all times. He said there must be satisfactory verification arrangements to ensure that no Australian nuclear materials supplied to India would contribute to any military purpose.

Mr Howard said uranium exports would be of “significant economic and strategic advantage to both countries”. He said the uranium industry already generates 658 million Australian dollars (520 million US dollars, 387 million
euro) annually in exports and India will be a large and growing market.

“India’s requirement for reliable, clean sources of energy is growing rapidly,” Mr Howard said. “India will build 11 new reactors to triple her energy generation from nuclear power and is projected to need up to 12,000 tonnes of uranium per annum to 2032.”

India and the US recently finalised the text of a bilateral agreement for peaceful nuclear cooperation. The so-called “123 agreement” will allow full civil nuclear energy cooperation between the two countries, including nuclear energy research, civil nuclear cooperation covering nuclear reactors and the nuclear fuel cycle, and development of a strategic reserve of nuclear fuel.

The agreement must still be approved by the US Congress, while India needs to get clearances from the NSG and also conclude an agreement to place its civilian reactors under IAEA safeguards.
As you might recall, we did project that something like this might happen last December.

Comments

Popular posts from this blog

How Nanomaterials Can Make Nuclear Reactors Safer and More Efficient

The following is a guest post from Matt Wald, senior communications advisor at NEI. Follow Matt on Twitter at @MattLWald.

From the batteries in our cell phones to the clothes on our backs, "nanomaterials" that are designed molecule by molecule are working their way into our economy and our lives. Now there’s some promising work on new materials for nuclear reactors.

Reactors are a tough environment. The sub atomic particles that sustain the chain reaction, neutrons, are great for splitting additional uranium atoms, but not all of them hit a uranium atom; some of them end up in various metal components of the reactor. The metal is usually a crystalline structure, meaning it is as orderly as a ladder or a sheet of graph paper, but the neutrons rearrange the atoms, leaving some infinitesimal voids in the structure and some areas of extra density. The components literally grow, getting longer and thicker. The phenomenon is well understood and designers compensate for it with a …

Missing the Point about Pennsylvania’s Nuclear Plants

A group that includes oil and gas companies in Pennsylvania released a study on Monday that argues that twenty years ago, planners underestimated the value of nuclear plants in the electricity market. According to the group, that means the state should now let the plants close.

Huh?

The question confronting the state now isn’t what the companies that owned the reactors at the time of de-regulation got or didn’t get. It’s not a question of whether they were profitable in the '80s, '90s and '00s. It’s about now. Business works by looking at the present and making projections about the future.

Is losing the nuclear plants what’s best for the state going forward?

Pennsylvania needs clean air. It needs jobs. And it needs protection against over-reliance on a single fuel source.


What the reactors need is recognition of all the value they provide. The electricity market is depressed, and if electricity is treated as a simple commodity, with no regard for its benefit to clean air o…

Why Nuclear Plant Closures Are a Crisis for Small Town USA

Nuclear plants occupy an unusual spot in the towns where they operate: integral but so much in the background that they may seem almost invisible. But when they close, it can be like the earth shifting underfoot.

Lohud.com, the Gannett newspaper that covers the Lower Hudson Valley in New York, took a look around at the experience of towns where reactors have closed, because the Indian Point reactors in Buchanan are scheduled to be shut down under an agreement with Gov. Mario Cuomo.


From sea to shining sea, it was dismal. It wasn’t just the plant employees who were hurt. The losses of hundreds of jobs, tens of millions of dollars in payrolls and millions in property taxes depressed whole towns and surrounding areas. For example:

Vernon, Vermont, home to Vermont Yankee for more than 40 years, had to cut its municipal budget in half. The town closed its police department and let the county take over; the youth sports teams lost their volunteer coaches, and Vernon Elementary School lost th…