Australia and India to talk uranium
THE Federal government is preparing to sell uranium to India following the decision by the Labor Party to end its opposition to such a deal.
The Labor Party had been opposed to selling uranium to India as the Asian nation was not party to the Nuclear Non-Proliferation Treaty.
However, Prime Minister Julia Gillard's campaign at the ALP national conference was successful in overturning this opposition and has now cleared the way for negotiations between the two countries.
Gillard met strong opposition to the move from within her party and some sections of the Left plan to fight the decision.
Australian miners had earlier welcomed the news of the lifting of the ban when the Prime Minister first proposed the idea early in November.
Paladin Energy and Toro Energy are just two of the companies likely to benefit from the move and other Australian uranium miners could see increased investment from Indian companies.