Australia and India are making “real progress” on the issue of uranium exports to India, Australia’s trade and investment minister Simon Birmingham has indicated.
This comes amid reports that two Australian companies BHP Billiton, the world’s biggest mining company, and Heathgate Resources, an affiliate of US company General Atomics, engaging with with the Department of Atomic Energy (DAE) for exporting uranium to India. Birmingham did not elaborate on the specifics of the case or the uranium vendors that are in the fray for potential supply contracts. “There has been real progress around this (on uranium) and we expect to make further progress,” Birmingham told a group of visiting Indian journalists.
According to a recent update on the issue readied by the DAE, a sales contract for enabling the transfer, which is part of the ongoing commercial negotiations between potential Australian uranium vendors and the DAE on fuel contracts for civil nuclear-power generation, is currently under discussion. Once the contract is wrapped up, Australian companies could potentially join utilities from four other countries that are already supplying nuclear fuel to India.
Incidentally, in July 2017, Australia had sent its first uranium shipment to India but that was “a small sample of uranium” transferred “purely for testing purposes”. Imported uranium from Australia, as and when despatches start, would be used to meet fuel requirements of Indian nuclear reactors that are under International Atomic Energy Agency (IAEA) safeguards, as is the case with fuel imports that have come in so far from Russia’s JSC TVEL Corp, Kazakhstan’s JSC NAC KazatomProm, France’s Areva and Canada’s Cameco.