The Sydney Morning Herald is questioning Australia's decision to sell uranium to the United Arab Emirates, given its record on democracy and because of its political volatility.
Articles Tagged "Australia"
Australia, the third-largest uranium producer in the world, is home to nearly one-third of the world’s known uranium resources.
The International Business Times reported that Toro Energy has been granted approval by Australia’s federal government for its proposed uranium mining at Wiluna however it is subject to 36 conditions including setting up certain measures to safeguard the local groundwater from radiation.
Mining Weekly reported that Toro Energy, a uranium developer, is facing yet another delay for the federal approval of its Wiluna Project after Minister Tony Burke was allowed extended time to decide on the project.
The Sydney Morning Herald reported that uranium producer, Energy Resources of Australia believes that while the price of the commodity and demand are quite low these days, good times are bound to return if the company extends the life of its declining Ranger Mine.
Bloomberg reported that uranium is set to rebound from another annual decline with Japan considering reviving its atomic plants and China moving ahead with its nuclear building program, which is the biggest in the world.
Uranium market news is slow heading into the holidays, but signs that the world is moving toward increased use of nuclear power are evident.
Mining Weekly reported that Uranium Developer, Toro Energy (ASX:TOE), has assured shareholders that the federal government’s delay in releasing the environmental permit for its Wiluna project, which is based in Western Australia, will not impact the project’s timeframe.
Mineweb reported that Martin Ferguson, Australia's energy and resources minister, said that the country's decision to allow uranium sales to India is significant, but will depend on the negotiations that take place when the time to conduct exports arrives.
SMH reported News South Wales Deputy Opposition Leader, Linda Burney says allowing companies to express interest in uranium mining is testing the waters for uranium exploration.