Deal cut to ship uranium fuel to India

The Canadian government on Wednesday unveiled a C$350 million ($280 million) deal to supply uranium fuel to India, formally ending a lengthy dispute that began after New Delhi used Canadian technology to develop a nuclear bomb.

Canadian producer Cameco Corp will supply 3.2 million kilograms of uranium concentrate to India over the next five years. The deal is Cameco's first with India, which the firm called the second-fastest growing market for nuclear fuel.

"Canada is providing uranium to India as a mark of its trust and confidence in India," Prime Minister Narendra Modi told a news conference during an official visit.