FURTHER GOOD NEWS FOR AUSTRALIAN URANIUM

Australia’s role as a safe and reliable supplier of uranium to meet emerging economies’ growing demand for energy received another boost today with the awarding of exploration invitations in New South Wales.

The New South Wales Government has invited six companies to apply for exploration licenses – the first invitations extended since the New South Wales Parliament removed the ban on uranium exploration two years ago.

Unfortunately the prohibition on mining remains in New South Wales. However, the industry looks forward to demonstrating its capacity to safely explore, mine and transport uranium as it has been doing elsewhere in Australia for more than three decades.

Australia is forecast to export more than 6,000 tonnes of uranium oxide this financial year generating export income in excess of $620 million. That income is expected to top $1 billion by 2018-19.

The Minerals Council of Australia’s Uranium Forum looks forward to working with the New South Wales Government to unlock the economic benefits of uranium mining in a manner that meets the strict environmental and social outcomes expected by regulators and communities.

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