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Article: AUSTRALIA/INDIA: MONEY IS DRIVING FORCE BEHIND URANIUM DEAL.
- Article from:
- Interpress Service
- Article date:
- August 24, 2007
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By Stephen de Tarczynski
MELBOURNE, Australia, Aug. 24, 2007 (IPS/GIN) -- The Australian government's agreement to provide uranium to India is based more on calculations of economic gain than on a U.S.-style attempt to contain China, according to leading Australian academics.
"The Howard Government is trying to maximize its economic leverage throughout the region, to use Australia's abundant uranium to increase its economic profile," said James Leibold, a lecturer in Politics and Asian Studies at La Trobe University.
Australia, which is estimated to hold 40 percent of the world's known uranium reserves, reversed its policy of selling nuclear ...