Australia and China signs uranium agreement

According to today’s print version of the Daily Yomiuri (Reuters) Australia and China have signed an agreement allowing Australia to freely sell uranium for nuclear energy to China.

Australia and China ratified a Nuclear Transfer Agreement and [a] seperate Nuclear Cooperation Agreement on Thursday in Beijing, with the second agreement opening the door to civilian nuclear cooperation between the tow countries.

The article states this will double Australia’s revenue from uranium exports to one billion Australian dollars (USD787 million).

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