Australian Government Takes Control of Northern Territory's Deposits
As Uranium Rush Hits
This morning in our meeting with the NT resources minister it was made clear by the territory government that they were abdicating their part of decision-making on uranium mining, MacFarlane told reporters in the northern capital, Darwin. The federal government would now assume responsibility for the approval of uranium mines, he said.
MacFarlane said the government was taking control for the good of the territory and resources industry. We cant allow this confusion to continue. This no-uranium policy is a nonsensical policy. The Northern Territory is open for business on uranium mining.
About a dozen companies are currently exploring for uranium in the
resource-rich territory. Currently, the only operating mine is Rio
Tintos Energy Resources of Australia mine at Ranger, which is
surrounded by the Kakadu National Park. French nuclear power company
Cogema is lobbying its aboriginal owners in a bid to mine the multi-million
dollar, 14,000-tonne Koongarra deposit in the World Heritage-listed
Australia currently has just three working uranium mines BHP Billitons Olympic Dam and Heathgate Resources Beverley mine in South Australia and the Ranger mine.
Uranium prices have been rising steadily in recent years, to around 29 dollars per pound from nearly 10 dollars a pound four years ago.
Read more articles about Other Countries Affected by Depleted Uranium
Page last updated: January 28, 2003