Antinuclear

Northern Territory’s uranium industry in the doldrums

Time the NT got resourceful, ABC Rural By Caddie Brain , 19 March  2013 “……..Uranium exploration projects seem to be struggling to raise capital more than any other resource, with investment down by 70 per cent.Oil, gas and petroleum on the other hand is booming, with an unprecedented 9 per cent of the Territory now subject to petroleum licences or licence applications…..

the Northern Territory Government says it’s concerned that so few projects have made the transition from exploration to mining over the past decade. The last mine was opened in 2006, and there’s been no major greenfield sites developed in the last 20 years.

In his opening remarks, Mines and Energy Minister Willem Westra Van Holthe said while it will support further minerals and petroleum exploration, it’s likely that major projects will rely on foreign investment to get off the ground….. http://www.abc.net.au/rural/content/2013/s3719273.htm

March 20, 2013 - Posted by Christina Macpherson | business, Northern Territory, uranium