Foreword: According to the Mineral Council of Australia, our country possesses 30 percent of known global reserves of uranium ore.
Australia can become the world leader in supplying fuel for low-carbon emission base load electrical power in rapidly expanding economies looking to secure their energy needs while limiting greenhouse emissions.
One of the largest of the rapidly developing economies is India.
The Agreement between the Government of Australia and the Government of India on Cooperation in the Peaceful Uses of Nuclear Energy, can double the size of Australia’s nuclear mining sector. In terms of export income, it could add up to $1.75b to the Australian economy. It could increase the number employed in uranium mining from 4,000 at present to 8,000.