Antinuclear

The claims of mining advocates about the economic benefits to Australia from uranium mining need to  be tempered by consideration of the high level of foreign ownership. Of the four companies producing  uranium as of March 2013: BHP Billiton (Olympic Dam) is 76% foreign-owned, Rio Tinto (Ranger)  83%, General Atomics/Heathgate Resources (Beverley) 100%, and Uranium One (Honeymoon)

100%.1

 There is also considerable foreign ownership of uranium exploration companies.

Much has been written about the mixed economic effects of Australia’s mining boom. Negative impacts include

upward pressure on exchange rates; driving up the costs of skilled labour for businesses in other sectors;

driving up the prices of raw materials used in mining (for example concrete and steel); driving up the cost of

other services (for example construction). However the uranium industry could not be accused of contributing to

those negative impacts to any significant degree – its economic impacts, positive and negative, are minimal.  http://www.acfonline.org.au/sites/default/files/resources/ACF_Yellowcake_Fever.pdf