Wednesday, 18 November 2015

India, Namibia may jointly explore Uranium

India may consider joint exploration with the Namibian government for uranium. India has not received even an ounce of uranium under a deal signed with Namibia six years ago.

No government-to-government trade is currently possible because the mines are privately owned in Namibia. The government can not impose any decision on the mines. Uranium in Namibia can be acquired through licences. In such a scenario there is a positive side. India can negotiate with existing companies that are mining uranium in Namibia. India and Namibia can also collaborate via a joint exploration project. Indian government has the aim of promoting clean energy and due to this aim India needs uranium.

Namibia and India signed an agreement for cooperation in the field of peaceful uses of nuclear energy in 2009. Uranium being sent to India is not subject to the embargo on international nuclear trade. Both the governments are working hard for starting this supply as soon as possible.

There are two uranium-rich nations in Africa — Namibia and Niger. Both have offered to supply the nuclear fuel to India. India’s negotiations are on with two of the largest producers of uranium —Canada and Australia. India's domestic uranium is inadequate to fully feed the indigenous small and mid-size reactors. That is why India is forced to woo these uranium producing nations.

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