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19/01/2011 | Indian minister S.M. Krishna to push Canberra on uranium sale

Amanda Hodge

INDIA is expected to step up pressure on Australia to reverse its ban on uranium supplies to the subcontinent when Foreign Minister S.M. Krishna flies into Melbourne today for a two-day visit.

 

The trip will be his first since he made an emergency visit in August 2009 to push the federal government to do more to tackle violent attacks on Indian students.

An Indian spokesman said yesterday Mr Krishna would meet Foreign Minister Kevin Rudd tomorrow for the seventh round of a framework dialogue between the two nations.

But the first scheduled meeting during his two-day trip will be with federal Resources Minister Martin Ferguson today, when Mr Krishna is expected to once again lobby hard for Australia to sell uranium to India.

India has signed several major energy agreements with Australian resources companies, the most recent being this month's $750 million acquisition of Western Australia's Griffin Coal by Indian power and construction giant Lanco Infratech.

Two months earlier, Indian conglomerate Adani Group bought up massive Queensland coal deposits from Linc Energy in a deal worth more than $3 billion to the Australian economy over 20 years.

India state and private energy companies continue to search for further investment opportunities in Australia's LNG, oil and gas sectors to feed the South Asian giant's near-insatiable appetite for energy.

But India argues that access to plentiful uranium supplies remains the most crucial plank in its plan to increase domestic power supplies and drag millions more of its people out of poverty.

"We have made our interest known all along to Australia that we do expect the Australian government to revisit the stated position," Indian joint secretary South Arun Goel said yesterday.

"In terms of our quest for energy resources, access to uranium supplies remains a core issue to us, so we're hopeful in the near future they will be in a position to review their earlier stated position."

Successive Australian governments have upheld a ban on uranium sales to all countries outside of the United Nations Nuclear Non-Proliferation Treaty.

The policy was briefly overturned in August 2007, when then prime minister John Howard agreed in principle to allow uranium exports to India, but the amendment was dumped when Labor took office three months later.

The Australian (Australia)

 


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