Australian Uranium Mining Sites
Melbourne: Australia and India have reached a deal on the much-awaited civil nuclear agreement,
which will be formally signed by Prime Minister Tony Abbott during his
visit to Delhi next month, according to a report on Monday.
The “agreement has now been reached,
with Indian officials convincing their Australian counterparts that the
uranium will not end up in nuclear weapons,” said the report published
by the Australian Broadcasting Cooperation.
It said the two sides have struck the
deal. Prime Minister “Abbott is due to visit India early next month to
formally sign the agreement,” it said, adding sources have said the
negotiations have been concluded relatively quickly compared to India’s
dealings with other exporters.
The negotiations between the two sides
have been on since 2012 after Labor party reversed its decision to ban
the uranium sale to India because New Delhi has not signed the Nuclear
Non-Proliferation Treaty.
Energy-starved India is looking to nuclear power to supplement its existing options to fuel economic growth.
India has already concluded civil nuclear cooperation agreements with countries like Argentina and Kazakhstan.
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