Canberra to sell uranium to China

Friday, 5 January 2007



Australia will soon be able to export uranium to China, Australian Foreign Minister Alexander Downer has said.

The two countries signed an agreement earlier this year, which means the exports can begin in 30 days, he said.

Australia has 40% of the world's recoverable uranium, while China needs a huge amount of energy for its large population and rising economy.

Beijing is keen to increase its use of nuclear power, to cut down its dependence on fossil fuels.

Two bilateral nuclear treaties - the Australia-China Nuclear Transfer Agreement and the Nuclear Co-operation Agreement - were signed in April during Chinese Premier Wen Jiabao's visit to Canberra.

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