Australia will start supplying uranium to India “as soon as possible”, the visiting Prime Minister, Malcolm Turnbull said.
Australia has about 40 per cent of the world’s uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.
What is yellow cake?
Yellowcake (also called urania) is a type of uranium concentrate powder obtained from leach solutions, in an intermediate step in the processing of uranium ores.
It is a step in the processing of uranium after it has been mined but before fuel fabrication or enrichment.
Other things agreed to in the meeting
1. Both sides agreed to extend bilateral engagement to the Asia- Pacific region and hold a bilateral maritime exercise named AUSINDEX in the Bay of Bengal in 2018 and also pledged to hold a joint exercise of the Special Forces later this year.
2. Both sides welcomed the decision for the first bilateral Army-to-Army exercise later this year.
The bilateral discussion also hinted at a growing agreement to oppose China’s territorial claims over the South China Sea region.
(Adapted from The Hindu and The Times of India)