Uranium


2014 is set to be a big year for Australia’s industry uranium

I joined the Minerals Council of Australia (MCA) in mid-October 2013; effectively as a successor to Michael Angwin who had headed the Australian Uranium Association since 2006 and successfully led it through to its merger with the MCA in late 2013.  Under Michael’s leadership, the uranium industry consolidated itself as an important component of Australia’s mining landscape. I take over the responsibility of building on Michael’s legacy at a time of great excitement for the sector. Here’s why 2014 is shaping up as a good year for our industry. The supply-demand balance for uranium moved into a new era as the Megatons to Megawatts program came to an end in December 2013. This program saw 20 000 Russian warheads down blended to nuclear power plant fuel and supplied half of America’s uranium needs for the last two decades. New mined uranium is now needed to replace this. Uranium prices have been in the doldrums through the second half of 2013 but many are predicting a correction this year. From prices under $US40/lb early in 2013, Deutsche forecasts price to be back over $US50/lb by year’s end based on demand from Japanese restarts and Chinese new reactors.

Nuclear Energy will power the future

THE SMALL NUMBER OF Australians vehemently opposed to uranium mining and nuclear power are obviously not avid readers nor weight-lifters. If they were, they would have seen the International Energy Agency’s enormous 687-page, two-kilogram report on the world’s energy outlook released last month. It should be compulsory reading for those who think Australia’s uranium industry and nuclear power has a bleak future.

URANIUM MINING IN AUSTRALIA: THE FACTS

In recent weeks, there has been significant commentary about uranium mining in Australia from individuals and organisations opposed to the industry. The commentary has often been poorly informed. To assist a sensible debate about the industry in Australia, the Minerals Council of Australia provides 10 key facts on uranium.

Review and evaluation of research literature on public nuclear risk perception and implications

This independent review of the research literature on public nuclear risk perception was funded by the Australian Uranium Association. The report details a series of systematic searches and selective review of academic literature using SCOPUS and EBSCO Megafile Complete databases; the latter including the databases MEDLINE, PsycARTICLES, Communication Abstracts, PsycINFO, and socINDEX.

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