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Two uranium mining projects in the state are closer to production, the 750 tonne U 3 O 8 Lake Maitland project, pursued by Mega Uranium, and the 680 tonne U 3 O 8 Centipede–Lake Way project undertaken by Toro Energy, located at Lake Way.
Queensland's ban on uranium mining was revoked in 2012, when Premier Campbell Newman back-flipped on a pre-election promise. [26] In March 2015 the Palaszczuk government announced that it would be reinstating the ban. [27] The New South Wales Government passed the Mining Legislation Amendment (Uranium Exploration) Act 2012 No 16 on 4 April 2012.
The ban was lifted when the Liberal Party was voted into power in the state and, as of 2010, many companies are exploring for uranium in Western Australia. One of the industry's major players, the mining company BHP Billiton, planned to develop the Yeelirrie uranium project in a 17 billion dollar project. [ 150 ]
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Map showing nuclear test sites in Australia. In 1952 the Australian Government established the Rum Jungle Uranium Mine 85 kilometres (53 mi) south of Darwin. Local Aboriginal communities were not consulted to the extent of a formal treaty or agreement about mining and the mine site became an emblem for environmental disaster, with a small area of disturbance easily repaired and remedied.
The largest uranium producer in the United States is ramping up work just south of Grand Canyon National Park on a long-contested project that largely has sat dormant since the 1980s.
Shares in Uranium Energy (NYSEMKT: UEC) rose by a whopping 17.8% in the week up to Friday morning. The move comes in a positive week of newsflow for the nuclear industry, which is good news for a ...
The Yeelirrie uranium deposit was discovered in mid-1971 by WMC Resources. [4] WMC reached an agreement with Esso and the German Urangesellschaft Australia Pty Ltd in 1978 to co-finance the project, which was then scheduled for production by 1984. [1] Work on the mine development was underway by 1980 and trial mining was carried out.