Australia to export uranium to UAE
Australia has signed a nuclear safeguards agreement with the United Arab Emirates in a deal which will allow the export of uranium to the Gulf state.
Australia could export as much as A$200 million in uranium yellowcake to the UAE as it switches to nuclear power as a solution to its growing need to power desalination and air-conditioning.
Foreign Minister Bob Carr singed the safeguards agreement in Abu Dhabi this week, making the UAE the first Middle East market for Australian uranium.
A similar deal was signed with India last year, and Australia already sells uranium to China and Russia.
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