Antinuclear

Australian news, and some related international items

Toro Energy hoping against hope that the uranium market picks up in the future

bull-uncertain-uraniumToro seeks to expand planned WA uranium mine ABC News By David Weber 8 Oct 14
A company hoping to become the first to export uranium from Western Australia has released plans for an expansion of its currently untapped mine in the state’s mid-west.

Toro Energy last year received federal environmental approval for the Wiluna project to exploit the Lake Way and Centipede deposits.

But a new environmental scoping document included two more deposits, Millipede and Lake Maitland.

The plans are open for comment with the state’s Environmental Protection Authority (EPA)………

the WA Conservation Council said the existing conditional approval should be revoked and a completely new assessment done.The council’s Mia Pepper said the added impacts of an expansion needed to be considered.”While they might think that they know a lot, there’s a lot of impacts that are unknown when you add additional deposits,” she said.

“You add additional land clearing and impact area.”What they need to do and what they should be doing as any responsible company would is look at the cumulative impacts of that increase.”

Mr Yeeles said the start of mining was some way off.

“The market is not right, the price is not right for mining at the moment but by the time we complete the assessment for Millipede and Lake Maitland, we would expect the market conditions to have improved,” he said.

Toro expects the assessment process may take up to two years.  http://www.abc.net.au/news/2014-10-06/uranium-miners-toro-seek-project-expansion-at-wiluna-site/5794318

October 8, 2014 - Posted by | business, uranium, Western Australia

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