Papewaio
09-07-2006, 00:29
Link (http://news.yahoo.com/s/afp/20060904/wl_asia_afp/australiachinauraniumenergynuclearsector)
"In principle, we could have uranium going into China in the first half of next year, but that's speculative," Carlson said.
"But no material can actually be transferred into China until the agreements are in place. We hope that that will all be in place by the end of the year.
"How quickly uranium then transfers into China really depends on commercial arrangements and whether the uranium bought will be processed in other countries before going into China."
China has announced plans to build 28 new nuclear reactors and by 2020 the annual uranium requirement would be about 8,000 tonnes a year, almost as big as Australia's current uranium output, Carlson said.
Australia, which has the world's largest known reserves of the nuclear fuel, could hope to provide about one-third of that, he said.
"That would be a reasonable expectation for us to be exporting to China," Carlson said.
So by this time next year Australia will have exported $250 million (Aus) worth of uranimum to China... but we won't be exporting to India anytime soon.
Thoughts?
"In principle, we could have uranium going into China in the first half of next year, but that's speculative," Carlson said.
"But no material can actually be transferred into China until the agreements are in place. We hope that that will all be in place by the end of the year.
"How quickly uranium then transfers into China really depends on commercial arrangements and whether the uranium bought will be processed in other countries before going into China."
China has announced plans to build 28 new nuclear reactors and by 2020 the annual uranium requirement would be about 8,000 tonnes a year, almost as big as Australia's current uranium output, Carlson said.
Australia, which has the world's largest known reserves of the nuclear fuel, could hope to provide about one-third of that, he said.
"That would be a reasonable expectation for us to be exporting to China," Carlson said.
So by this time next year Australia will have exported $250 million (Aus) worth of uranimum to China... but we won't be exporting to India anytime soon.
Thoughts?