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Australia and Russia Sign Agreement on Uranium Supply

By Joel ScanlonNov 14 2010

Australian Prime Minister Julia Gillard and Russian President Dmitry Medvedev met seperately on Thursday at the G20 leaders summit to sign an agreement on nuclear energy. The deal will involve Australia selling uranium to Russia under strict safeguards.

Ms Gillard said that the agreement would create jobs in the struggling global economy. She said that it will increase export opportunities and create jobs for Australia's uranium suppliers and consolidates Australia's position as a reliable provider of energy resources.

The agreement meets all of the nuclear safeguards as well as those standards set by the International Atomic Energy Agency. The next big market for Australian uranium may be located in India. India’s membership to the Nuclear Suppliers Group was backed by President Barack Obama this week.

However the country would have to sign the nuclear non-proliferation treaty as a pre requirement to import uranium from Australia. The issue is likely to be discussed when the Indian Prime Minister Mr Manmohan Singh visits Australia in 2011.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Australia and Russia Sign Agreement on Uranium Supply. AZoMining. Retrieved on November 23, 2024 from https://www.azomining.com/News.aspx?newsID=1346.
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Scanlon, Joel. "Australia and Russia Sign Agreement on Uranium Supply". AZoMining. 23 November 2024. <https://www.azomining.com/News.aspx?newsID=1346>.
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Scanlon, Joel. 2019. Australia and Russia Sign Agreement on Uranium Supply. AZoMining, viewed 23 November 2024, https://www.azomining.com/News.aspx?newsID=1346.