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Former nuclear pariah India seeks uranium stocks

Google News By Elizabeth Roche (AFP) –7 Sept 09
NEW DELHI — Energy-starved India, armed with permission to buy atomic fuel from around the world after the end of a three-decade ban, is courting new partners alongside old friends in its global hunt for uranium..Evidence of New Delhi’s “uranium diplomacy” kicking into gear came last week when India hosted Namibian President Hifikepunye Pohamba and signed a pact enabling uranium sales to India as well as investment in Namibian mining…………

India has already signed nuclear fuel import pacts with France and Russia.

The moves follow India clinching a landmark accord with the United States last year resulting in the removal of a 34-year-old embargo on sales of civilian atomic technology.

India also obtained a rare exemption from the 46-member Nuclear Supplier Group (NSG) that controls global atomic commerce allowing it to buy nuclear fuel and power plants to boost its electricity production.

The NSG normally restricts such sales to countries that have signed the nuclear non-proliferation treaty, which India has not, though major supplier Australia has said it will keep its export embargo in place.

AFP: Former nuclear pariah India seeks uranium stocks

September 8, 2009 - Posted by Christina Macpherson | 1, India, politics | antinuclear, nuclear, nuclear weapons