Australian news, and some related international items

Uranium ban brought benefit to New South Wales

Uranium ban brought us benefit, Newcastle Herald, Dave Sweeney, Australian Conservation Foundation 23 Aug 20, 

THE state government’s proposed removal of a long-standing and popular ban on uranium mining in New South Wales flies in the face of evidence, community interest and market reality. The global uranium price remains depressed following the Fukushima nuclear disaster and is not likely to recover. The uranium market is over supplied and existing producers are shelving projects across Australia and around the world.

In November 2019 the CEO of the world’s largest uranium miner, Canadian company Cameco, stated that “not only does it not make sense to invest in future primary supply, even the lowest-cost producers are deciding to preserve long-term value by leaving uranium in the ground.”

The ban has served NSW well. It has provided policy certainty and avoided the radioactive waste and legacy mine issues affecting other places, including Kakadu, where a massive $1 billion clean-up is underway at the former Ranger mine. This poorly conceived piece of gesture politics could lead to lower tier and inexperienced mining companies cutting corners and increasing environmental and community risk and it simply makes no sense for NSW to jump aboard a sinking nuclear ship. NSW’s energy future is renewable, not radioactive.

August 24, 2020 - Posted by | New South Wales, politics, uranium

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