Antinuclear

Uranium to India no advantage to Australian economy

Uranium sales constitute only a tiny fraction of total minerals export income. Lastly, the long resources boom, which has resulted in a national skills shortage and two-speed economy, pours cold water on any argument that we need uranium sales to sustain the sector, employment or the economy.

Uranium sales to India a recipe for regional insecurity Sydney Morning Herald,  Leigh Hubbard February 18, 2011 “……..The drive by Martin Ferguson and Paul Howes to expand Australian uranium sales is based purely on the short-sighted goal of export dollars, cloaked in the guise of supporting regional energy development. But even in this regard, we know that the profits to Australia would not be significant.

Even if Australia were to supply 20 per cent of India’s current uranium demand, uranium exports would increase by just 1.8 per cent above the 2008/09 exports. Uranium sales constitute only a tiny fraction of total minerals export income. Lastly, the long resources boom, which has resulted in a national skills shortage and two-speed economy, pours cold water on any argument that we need uranium sales to sustain the sector, employment or the economy.

February 18, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business