Australia calls for boosting uranium industry

Canberra, June 11 (IANS) Australian Minister for Resources and Energy Gary Gray Tuesday called on the uranium industry to work with all parliaments to help meet rapidly growing global demand.

A news release by the minister’s office said Gray told the Australian Institute of Mining and Metallurgy’s international conference in Darwin that Australia needed new mines, reports Xinhua.

“We need industry to commit to further development of new projects to ensure that our uranium production meets global demand, particularly as demand for uranium is likely to surpass current supply,” Gray said.

“Uranium exploration and mining have particular characteristics that make its exploitation complex.

“Parliament and industry must work together to ensure that mining, processing, commercial and regulatory actions represent best practice and encourage the growth of the uranium industry.”

Australia holds 40 percent of the world’s known uranium reserves and the country’s uranium industry plays an important part in the global electricity market.

The Australian government has agreed to lift the ban of exporting uranium to India, but a final deal to export Australian uranium to New Delhi could be years away.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.