Manishw wrote:^ Don't bet on it, we are becoming a economic powerhouse.Money talks.Wait for some time.
I don't think its the money Manish, I agree with Arihant. The chances of getting uranium with labour in power are indeed very very slip.
Its the stubborn, unrelenting and utterly senseless policy that the labour party members are slave to that will deny India the much needed Uranium supplies. I think India will have to wait for another 5 years before the labour government ends term or is toppled over somewhere before time given how unstable its coalition is in the first place. Its is very unlikely that their policy would change in the near future..money or not. If they do it would be out of line with their current policy, making it highly unlikely..
Australia & Canada make up for 40% of worlds Uranium exports. With Canada and Kazakhstan in the bag, Australia Uranium sales are still very important to energy hungry India. This election, Gillard Vs Abbott was equivalent from an Indian perspective to - NO uranim Vs Uranium..
It was clear that Kevin Rudd (now ex-pm) had made relations with China (its top trading partner) his top priority. In their recent foreign policy debate, in tune with the just concluded elections, it was obvious that Labour had made it very clear, through their proposed froeign minister hopeful that that there would under no circumstances sell Uranium to India unless they signed the NPT. On the contrary the opposition hopeful Julie Bishop, not only criticized this short sighted foreign policy but also promised the in-principle decision to sell uranium to India, a free trade agreement and greater defence co-operation with India (as she had then quoted 'natural maritime partners'). Tony Abbott had also made it crystal clear that Uranium sales to India was one of his key foreign policy priorities.
Canadian uranium giant Cameco in collaboration with Japan's mitsubishi plans to begin development studies on its Kintyre uranium deposit in Western Australia next year, putting it in a race with BHP Billiton (who will be the biggest beneficiary with any resumptions in uranium sale) to be the first to develop a major uranium deposit in the state citing India and China as major export prospects. But alas, Uranium mining in WA was banned under the previous Labor government. As a Cameco official had stated that they were loosing out on the biggest growth opportunity for suppliers of nuclear fuel in more than 30 years, as a result of short sighted Labour policy of denying India Uranium sale as it was a non-signatory to the NPT.
What is more worrisome and provoking is that the Australia has dual standards when it comes to China. Australia currently supplies uranium to the US, France and the UK. The country recently signed an agreement to sell uranium to China, incidentally,
without requiring Beijing to commit to an end to nuclear weapons testing or to stop making more nuclear warheads. The Labour governments hypocrisy stands out loud and clear towards.
There was a good article in the Sydney morning, cited here on mineweb that highlight the very same aspect that Uranium sales to India hinged on Abbott government taking power..
Will Australian uranium begin to flow to India?
Australia is keen to resume negotiations with New Delhi on uranium exports to India, given the possibility of the Abbott government coming to power. The huge swing away from the ruling Labor Party has almost ensured this
The Labour government has stoutly refused to sell uranium to India saying that India isn't a signatory to the nuclear non-proliferation treaty. However, even before the apparent hung parliament scenario made waves over the weekend, the opposition party in Australia has vocally reinforced the need to renew trade ties and greater engagement with India.
Sushil Kumar Shinde played his part to convince the current administration but returned empty handed ...
Sushil Kumar Shinde, who was on a five-day visit to Australia in June this year, had said that he had initiated some discussions on sourcing uranium supplies. Hoping that the Australian government would accommodate India's need for uranium, Shinde had reportedly said, ``The whole world is supporting us in our civil nuclear programme. It is for them (Australia) to decide.''
Australia's Julie Bishop had said: ``Refusing to sell uranium to India, which can now import nuclear technology from the US and gets uranium from Canada, is illogical.''
The Abbott government has been making all the right noises..but unfortunately for India, labours got in through the back-door.
Meanwhile, China gets a stronger and deeper foothold..
China's growing interest in Australian uranium has also come under scrutiny with a new deal at the start of August, when a major Chinese state-owned enterprise declared that it was set to take control of a Western Australian uranium exploration and mining company.
The India-China race well summarised by Jagdeep Ghai..
Jagdeep Ghai, finance director at state-owned Nuclear Power Corporation pointed out in a recent seminar that India's needs are expected to grow 10-fold to 8,000 tonnes as it quadruples capacity to 20 GW. He added that China would purchase about 5,000 metric tonnes this year, more than twice as much as it consumes, building stockpiles for new reactors. With China's economy expected to grow 10.1% this year, as compared to India's 8.6%, both the nations are stockpiling. Who gets ahead in the race is a moot point.
And now that we know which way the hung government is heading - Julia Gillard = Labour party = NO unranium for India..