Antinuclear

Warning on over optimism about Australia’s uranium industry

Toro boss says analysts overestimate uranium industry Australian Mining 19 July, 2012 Andrew Duffy  Toro Energy managing director Greg Hall, who is leading the development of WA’s first export uranium mine, says analysts have overestimated future uranium production….

new projects must pass technical, regulatory and finance hurdles, often uniquely specific to the uranium sector, before construction and ultimately production can come online,” he said.

“In this regard Toro believes the market and a number of uranium analysts are being overly optimistic on supply timelines for new uranium projects and that as a result future production is overestimated.”

July 20, 2012 - Posted by Christina Macpherson | business, uranium, Western Australia