Australian news, and some related international items

No sign of a future for Jabiluka uranium mining

No start on horizon for Jabiluka development, SMH, Peter Ker, June 21, 2012 Development of Australia’s most prospective and controversial uranium deposit, Jabiluka, is unlikely to happen in the next decade despite its leaseholder improving relations with local indigenous groups.
That’s the view of analysts visiting the Northern Territory operations of uranium miner Energy Resources of Australia this week.
ERA is currently hosting major investors on a tour of its mines and leases near Kakadu National Park, in a bid to promote its recent decision to spend $57 million on a ‘pre-feasibility’ study into turning its Ranger open cut mine into an underground operation.
But discussion of ERA’s future inevitably turns to Jabiluka, which has remained untapped for years out of respect for the wishes of the local indigenous Mirrar people…… ERA, which is majority owned by Rio Tinto, has been targeted by environmental groups who believe its proximity to Kakadu is inappropriate.

June 22, 2012 - Posted by | business, Northern Territory, uranium

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