While Australia’s mining sector shows signs of resilience, there is one mineral whose outlook may be terminal.
There are five significant events that have occurred recently that send a clear message about the future of the uranium sector and the wider nuclear industry.
The uranium price dropped to US$34.50 a pound Energy Resources of Australia, the operator of the Ranger uranium mine in Kakadu, announced a $54 million loss.
Mia Pepper
Toro Energy has submitted an application to build Western Australia’s first uranium mine, at Wiluna, the start of WA’s iconic Canning Stock Route.
The debate over the proposed mine has far-reaching ramifications. The construction of WA’s first uranium mine is likely to be the “thin edge of the wedge”, whereas a strong show of public opposition can significantly increase the likelihood of keeping WA uranium-free.
That, in turn, is important in the context of the national debate over uranium mining.