Biggest mining companies the beneficiaries of uranium sales to India
Gillard’s uranium backflip ‘to appease big miners’, WA Today, 16 Nov 11, Prime Minister Julia Gillard’s decision to push for uranium exportation to India may be the product of a deal struck with the big miners over the MRRT, Fortescue Metals Group chief executive Neville Power speculated yesterday.
“It’s no coincidence I guess that BHP will be the largest beneficiary of exporting uranium so maybe the deal from the MRRT continues and what we’re seeing is just payback for the support of the MRRT,” Mr Power said. Ms Gillard yesterday revealed she would lobby the Australian Labor Party to change its stance on exportation of uranium to India, a country who is not a signatory to the Nuclear Non-Proliferation Treaty.
Mr Power said BHP Billiton’s Olympic Dam copper and uranium mine in South Australia stood to gain the most if the growing Indian market was opened up. “It is remarkable that Xstrata, BHP and Rio Tinto have not said a thing about the MRRT…..
The WA Labor Party has said it will maintain its blanket ban on uranium mining.…
http://www.watoday.com.au/business/gillards-uranium-backflip-to-appease-big-miners-20111116-1nhze.html#ixzz1durZFCcq
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