Mining industry welcomes China uranium deal

Mining industry welcomes China uranium deal

The mining industry has welcomed the ratification of the Australia-China Nuclear Transfer Agreement.

Australia and China have also ratified a Nuclear Cooperation Agreement, paving the way for Australia to export uranium to China.

Foreign Affairs Minister Alexander Downer says the timing and amount of uranium to exported will be a matter for commercial negotiation.

Rob Rawson from the Minerals Council of Australia says he expects negotiations will begin quickly.

“We welcome the ratification, we think it’s both timely and opportune,” he said.

“It really paves the way for the export of Australian uranium and technology and services and so on without compromising Australia’s strict uranium regulatory regime.”

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