Jul 9, 2026 – 3.39pmAustralia will need to develop new uranium mines after Prime Minister Anthony Albanese and Indian leader Narendra Modi struck an agreement to boost resource exports, but miners warn the government’s changes to capital gains tax will undermine the investment needed to make it happen.Modi declared Australia’s uranium reserves were critical to helping India meet its ambition to build more nuclear energy at a business event in Melbourne on Wednesday, where he lauded the growing ties between the two countries.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles