PDN 1.09% $9.74 paladin energy ltd

this is so painful , page-29

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    There was also news 15 April about Australia formalizing a deal with the UAE for uranium exports.

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    United Arab Emirates has become the first Middle Eastern nation to take Australian uranium.

    Trade Minister Andrew Robb met with UAE foreign minister Sheikh Abdullah in Abu Dhabi to witness a 2012 agreement entering into force.

    The UAE aims to set up four nuclear power plants by 2020.

    Mr Robb said the UAE is a responsible user of nuclear energy for civilian purposes and the deal will open up a new long-term market for Australian uranium producers.

    Australia exported 8391 tonnes of uranium in 2012/13, worth about $823 million.

    From 2020, the UAE aims to import about 800 tonnes a year.

    The agreement negotiated by the former Labor government in 2012 covers the safe handling and security of radioactive material, restrictions on re-export and guarantees of use for peaceful purposes.

    It bans the use of Australian nuclear material for weapons or explosive devices.

    http://www.sbs.com.au/news/article/2014/04/15/uae-take-australia-uranium

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    United Arab Emirates is installing nuclear-powered plants to meet their electricity demand, which is estimated to increase from 15.5 GWe to over 40 GWe in 2020.
 
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