Australia unlocks her uranium reserves. [Will develop deposits in Northern Territories]
The economic implications of Australia's move to permit the development of uranium mining and to resume exporting uranium have led to forecasts that range from pessimism over unseen factors to an optimistic estimate of $A20 billion and 500,000 jobs. Direct benefits will go to those involved in road construction, mining equipment, and construction camps. The goverment plan calls for mining operations and yellowcake exports from four major uranium mines by 1985. An overview is given of the development plan, which emphasizes an orderly procedure rather than exploitation and excessive competition. The uranium industry is viewed as a stable long-term supplier for international trade. Customers will be required to submit to international Atomic Energy Agency inspection and must guarantee to limit their uranium use to peaceful projects. (DCK)
- OSTI ID:
- 5409287
- Journal Information:
- Energy Int.; (United States), Vol. 14:11
- Country of Publication:
- United States
- Language:
- English
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