urg::: New call for expansion of uranium mining

[Len Kanaar - FoE Sydney]

Fairfax / AAP

New call for expansion of uranium mining
September 8, 2005 - 8:34PM

Queensland is missing out on valuable exports and jobs by not 
developing uranium mines, Liberal senator Russell Trood says.

Senator Trood has joined growing calls from within the coalition, and 
sections of the Labor Party, for an expansion of uranium mining.

He said demand for uranium was growing, with China predicting a 
four-fold increase in nuclear power production and India planning 24 
plants over the next few years.

But Australia's three-mine policy and opposition by state governments 
to issuing uranium mining licences was limiting growth in the 
industry.

"There are actually tremendous opportunities for uranium mining in my 
own state of Queensland," Senator Trood told parliament.

"The Queensland Bureau of Mining and Petroleum has identified 32 
uranium deposits across the state and indeed four mine in north 
Queensland could begin production immediately if they were given the 
go-ahead."

Senator Trood said the development of mines near Mount Isa, 
Georgetown and Townsville would have several benefits.

"It would serve to meet the growing demand on the world market, it 
would bring millions of dollars in investment to local communities, 
it would bring hundreds - perhaps thousands - of jobs to regional 
Queensland and help to underpin its long term future," he said.

But no development would occur without the Beattie government issuing 
mining licences.

Mr Beattie recently told the Queensland parliament uranium 
development would undermine the state's coal industry.

But Senator Trood said most of Queensland's coal was for steel 
production, with only a third used for electricity generation.

Industry Minister Ian Macfarlane also joined the uranium debate, 
saying the global surge in resource prices meant there was a "real 
opportunity" to increase uranium exports.

"It is an opportunity begging with uranium prices at a 20-year high 
and expected to climb further," he said.

"This government is determined to see export opportunities maximised 
and in doing so, of course, pay due heed to the environmental, 
indigenous, safety and non-proliferation safeguard issues."

Labor resources spokesman Martin Ferguson recently called for a 
change of Labor policy on uranium but is facing opposition from key 
Left faction federal MPs as well as state Labor figures.


© 2005 AAP

Copyright © 2005. The Sydney Morning Herald.