Article – Australia's Queensland resumes uranium mining

31 July 2014
Cecilia Jamasmie
mining.com
The Queensland State Government in Australia revealed Thursday it will begin accepting applications for uranium mining, vowing it will not be exported via any of the state’s ports.
State premier Campbell Newman also announced plans to reopen the abandoned Mary Kathleen Mine, which has remained closed since 1982. The idea behind the move is to unlock “significant deposits” of rare earth elements, according to the document.
Uranium mining was banned in Queensland in 1983. Exploration was gradually allowed again, but with severe restrictions on development and production. Then downturn hit the industry, causing massive job losses and Newman decided he was ready to stop the ban.
According to the government, the uranium sector has the potential to create a large number of construction and operational jobs.
“More jobs are now being created in Queensland than in any other state and the return of uranium mining will help ensure we remain Australia’s jobs powerhouse for the long term,” Mines Minister Andrew Cripps said in a statement.
Nuclear energy production and waste disposal will remain banned.
Prices for the radioactive commodity are at a nine-year low, falling 60% since the 2011 Fukushima disaster. They hit a low on May 19 at $28 per pound, the lowest since May 2005. And they are still hovering there, down 18% this year alone.
Australia's Queensland resuming uranium mining
Courtesy of mining.com
 

Popular Posts

WA-first for mining jobs a welcome step
Could Western Australia SECEDE from the rest of the nation? How nearly all of Australia’s $100BILLION iron ore exports come from WA – $38,000 per resident – and the state could easily pay its own way
IT’S TIME TO CUT RED TAPE, RESET SECTOR: WAGNER
Countdown on but space industry dragged back to Earth by bureaucratic delays
Ore exports at risk from marine pilot border ban
Red tape is costing jobs
Salt and potash project a boost to regional WA jobs
State should thank iron ore for helping fund COVID fight