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Nuclear Cooperation Agreements Good News for CME

The agreements, between Australia and India and Australia and the United Arab Emirates (UAE), will allow the expansion of global exports of uranium.

CME Chief Executive Reg Howard-Smith said the bilateral agreements could reap benefits for WA companies by broadening their business opportunities.

“As the third largest uranium producer in the world, Australia is well placed to enjoy long-term benefits from the additional royalties and employment opportunities these agreements will open up,” Mr Howard-Smith said.

“Western Australia has significant known uranium resources, and a number of projects progressing through the necessary approvals processes.

“CME and its members look forward to developing further trade opportunities offered by the finalisation of these nuclear cooperation agreements.”