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    Uranium making a comeback
    By Robert Gottliebsen in Davos

    JOHN Howard heard at the World Economic Forum the Chinese declare that they were concerned at their pollution and carbon emissions and that they were placing much greater emphasis on hydro and nuclear power.

    The Prime Minister declared: "I have always accepted arguments for a role for uranium. I am interested that it's back after all these years."
    He pointed out that the Coalition had always had an open mind about the role of nuclear energy and recalled that during his "brief sojourn" as a special trade negotiator he had talked to Europeans about using Australian uranium for power generation.

    Mr Howard said Australia's one third of the world's uranium was an "extremely valuable resource".

    Australia had a "positive accommodating policy" on uranium which has "appropriate safeguards".

    I asked him: "Do you think we should sell our uranium to a company controlled by a group of Swiss traders who made much of their money breaking world embargoes on Cuba, Iran and South Africa?"

    Mr Howard answered: "I think we should apply the foreign investment and trade policy. All things will be appropriately considered".

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