Ukraine gets uranium from Australia

Edited by Nelly T.

Australia will soon sell uranium to Ukraine in exchange for power generation.


It was on Wednesday that Foreign Minister Julie Bishop arrived in the United States to take part in the global nuclear security summit, Bishop is also expected to attend a dinner meeting hosted by President Barack Obama at the White House.


At the summit topics of conversation will revolve around the ongoing international co-operation on nuclear security and the risk of terrorists obtaining nuclear material or damaging nuclear facilities. She will have discussions with British, Dutch and Singaporean leaders and foreign minister counterparts.


Ms. Bishop will also be meeting with Ukrainian President Petro Poroshenko to sign an agreement to supply uranium for power. Australia holds nearly a third of the world’s uranium resources and already supplies it to a number of countries including Canada, China, France, India, Japan, South Korea, Russian, the UK and the US.


The Minerals Council of Australia hailed the new uranium export market which Australia supplies an estimate 10 per cent of global production.


Australia generated more than half a billion dollars in export income in 2014-15 by exporting more than 5500 tonnes of uranium.


“Access to growing Ukrainian uranium demand creates opportunities for more tonnes, more exports, and more jobs in mine construction and operations,’ said council spokesman Daniel Zavattiero.