Energy hungry India will consider acquire Australian uranium mining assets if a contentious ban on exports to the nuclear power is lifted, according to a report.Australia has the world's major reserves of uranium and senior New Delhi officials said the country could move to buy up assets if a ban on sales is detached as favoured by Prime Minister Julia Gillard.
"Once Australia comes into the fold all property will be reviewed," said A.K. Sarangi, deputy general manager of tactical planning at the Uranium Corporation of India, the government agency dependable for mining and purchases."Australian deposits will be a aim along with assets in other countries," he added to The Australian newspaper.
"If we decide we need to reach properties abroad and the Australian government agrees then Australian assets are also considerations."Federation of Indian Mineral Industries chief R.K. Sharma agreed.“I think it would be extremely desirable to invest in Australian uranium assets since Australia is a very investor-friendly country," he was quoted as saying by the newspaper.
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