Poor uranium market, and Labor policy – French nuclear giant AREVA not to explore in Queensland
French abandon Far North uranium prospects DANIEL BATEMAN THE CAIRNS POST MARCH 18, 2015 ONE of the world’s largest uranium producers is pulling out of the Far North following the State Government’s renewed ban on uranium mining.
Areva Resources Australia has confirmed it is in the process of relinquishing its 
exploration projects in Queensland on “technical” grounds.
Minister for State Development, Natural Resources and Mines Anthony Lynham has said a statewide prohibition will once again be put in place over uranium mining, forcing several companies to shelve development plans.
Areva had been exploring in the Karumba and Carpentaria basins since about 2012.
Areva Resources Australia managing director Joe Potter said the company would not be applying for new exploration tenements in Queensland in the near future, in light of the recent state policy changes and general downturn in the uranium market…….
Australian Conservation Foundation Northern Australia program officer Andrew Picone welcomed the return of a ban and the departure of Areva.
“The fact that Areva have pulled up stumps in Queensland’s Gulf only illustrates the market’s global contraction,’’ he said. http://www.cairnspost.com.au/business/french-abandon-far-north-uranium-prospects/story-fnjpusdv-1227266987603
No comments yet.
1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 
Leave a comment