Uranium supply to India to be demand based: Australia

Uranium

Australia's uranium supply to India will be require based once the approvals for the yellow cake exports to New Delhi are finalized, Energy Minister Martin Ferguson has said.

"It (uranium supply) will be require based. The supply once accepted for exports will be of a commercial nature between the Australian uranium and mining industry and potential customers in India," Ferguson told PTI.

Asked when the uranium exports will begin, Ferguson said We don't put a timeframe. This is about a negotiation of a manufactured goods between Australia and India.The issue is to get it right to supply negotiations and to make sure that we take the individual community with it in terms of their confidence concerning the fact that the uranium will be used safely.

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