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australian government softens on uranium

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    Uranium momentum is gathering.....get ready, get set.....

    Australian Government softens stance on uranium export ban to India

    "The Rudd Government's resolve not to sell uranium to India is weakening after Foreign Affairs Minister Stephen Smith signalled that country's refusal to sign the Nuclear Non-Proliferation Treaty could be overlooked. In a significant softening of Labor's position, Mr Smith told Indian reporters that, although the Government had a "strong policy" of not exporting uranium to non-signatory countries, the ban could be overturned if a long-awaited "123" agreement between India and the United States was finalised.

    The comments, reported in The Times Of India last week, effectively leave the door open for sales of uranium to India, despite Labor's clear election promise to ban exports to the booming democracy as long as it refuses to sign the treaty. (The Sydney Morning Herald June 1, 2008)"
 
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