Antinuclear

Despite uranium lobby’s hype, future market is in doubt

“Australians will note also that the Fukushima disaster is prompting India to review its own nuclear safety. Following the crisis in Japan, and in the glare of the Indian media, the intended expansion of India’s nuclear footprint may well slow or even stall,”

Australia weighs nuclear push after Japan crisis  Reuters       By Rob Taylor, CANBERRA  Mar 22, 2011 “……….Those conditions could add even more complexity, and potentially costs, to bilateral nuclear safeguards agreements focused previously on the spread of nuclear weapons.
“Australians will note also that the Fukushima disaster is prompting India to review its own nuclear safety. Following the crisis in Japan, and in the glare of the Indian media, the intended expansion of India’s nuclear footprint may well slow or even stall,” Medcalf said.

Australia has 22 bilateral nuclear safeguard agreements, which allow exports to 39 countries.

In recent years, Canberra has signed agreements with Russia and China, and has already sent its first shipments of uranium to China, where uranium consumption is projected to grow by 44 percent to 18,000 tonnes by 2016.

At a uranium conference in South Australia state, Australian Uranium Association chief executive Michael Angwin said the economic factors driving countries to nuclear power use were unchanged by the Japan emergency.Australia weighs nuclear push after Japan crisis | Reuters

March 24, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business