India and Mongolia are planning to begin formal discussions regarding trading uranium, the Indian newspaper The Telegraph reports.

Mongolia signed a crucial civil nuclear agreement with India on June 15, 2009, for supplying uranium to India. However, as The Telegraph notes, the talks between the governments have remained informal, “partly because Mongolia lacks a clear regulatory framework for the sale of minerals to other countries.”

The upcoming talks will be a formal discussion between the governments on exploring how Mongolia can export uranium that India requires for its nuclear power sector.

India had gifted Mongolia a Bhabhatron, a tele-cobalt machine used to provide radiotherapy to cancer patients, during Prime Minister Narendra Modi’s visit to the country in May 2016. But the core in the machine, which emits radiation, now needs to be replaced.

“We’re going to seek that replacement,” Mongolian Ambassador to India G.Ganbold told The Telegraph.

Indian authorities have said that they see Mongolia as a potential partner in not only the nuclear sector but overall economic cooperation, as evidenced by Prime Minister Modi’s visit in 2016. India has set a target of generating 63,000 MW of nuclear power by 2032; it currently generates less than 10,000 MW and needs steady imports of uranium.

Geological indications reported in the Mongolian Red Book suggest that the nation’s uranium resources could potentially be 1.39 million tons.

4 COMMENTS

  1. That’s pretty clear that India created a dangerous new instability in their region. Nuclear power generation by India is inevitably fraught with radiation, an invisible and insidious poison, which is unsafe in all doses.

  2. It would be better for India and Mongolia to co-invest in solar and wind power and infrastructure to connect energy sources in Mongolia to markets in India and elsewhere.

  3. India is not a party to the nuclear non-proliferation treaty and thus can sell to any party, including Korea or Iran. Mongolia has not technical capacity to monitor its own compliance with the treaty, let alone to ensure that uranium from its mines do not go to undesired application. Mongolia is so down on its knees from the outcomes of the WB imposed minerals led economic growth that is probably has no other choice than follow the demands of so loved foreign investors.

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