Lifting ban on uranium exports to India will benefit Aussie miners: legal firm
Australian legal firm Minter Ellison predicts that lifting the ban on Australian uranium exports could present significant opportunities for mining companies in Australia, as Indian and other foreign state-owned enterprises look for uranium exploration opportunities in that country. Mineweb quotes the firm's Energy and Resources partner Andrew Thompson:
"This reversal comes as welcome news to Australian mining companies that are currently restricted by the policy. It will see an increase in uranium export markets, as well as opportunities for foreign direct investment and increased capital for Australian uranium projects.
"Australian uranium explorers and producers would benefit from India's increasing use of nuclear energy, which is expected to grow from 3% to 40% of total domestic electricity consumption by 2050."