UAE to take Australia uranium

Australian uranium will be exported to the Middle East for the first time after an agreement with United Arab Emirates came into force.

United Arab Emirates has become the first Middle Eastern nation to take Australian uranium.

Trade Minister Andrew Robb met with UAE foreign minister Sheikh Abdullah in Abu Dhabi to witness a 2012 agreement entering into force.

The UAE aims to set up four nuclear power plants by 2020.

Mr Robb said the UAE is a responsible user of nuclear energy for civilian purposes and the deal will open up a new long-term market for Australian uranium producers.

Australia exported 8391 tonnes of uranium in 2012/13, worth about $823 million.

From 2020, the UAE aims to import about 800 tonnes a year.

The agreement negotiated by the former Labor government in 2012 covers the safe handling and security of radioactive material, restrictions on re-export and guarantees of use for peaceful purposes.

It bans the use of Australian nuclear material for weapons or explosive devices.


Share
1 min read

Published

Updated

Source: AAP

Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world
UAE to take Australia uranium | SBS News