Australia has reportedly closed a deal to supply uranium to India.
The Labor government of Julia Gillard in 2012 reversed a ban on selling uranium to India, a country which has not signed the Nuclear Non-Proliferation Treaty.
The ABC says it’s learned an agreement has been reached and that Prime Minister Tony Abbott is planning to visit India early next month for a formal signing.
Australia has 30% of global uranium reserves and is the world’s third largest producer of uranium after Kazakhstan and Canada.
Nuclear power is the fourth-largest source of power in India after thermal, hydroelectric and renewable sources of electricity.
The ABC has more.
Business Insider Emails & Alerts
Site highlights each day to your inbox.