Australia calls for boosting uranium industry

By Indo Asian News Service | Tuesday, June 11, 2013 | 3:28:04 PM IST (+05:30 GMT) Comment 0 Comment

Canberra, June 11 (IANS) Australian Minister for Resources and Energy Gary Gray Tuesday called on the uranium industry to work with all parliaments to help meet rapidly growing global demand.

Canberra, June 11 (IANS) Australian Minister for Resources and Energy Gary Gray Tuesday called on the uranium industry to work with all parliaments to help meet rapidly growing global demand.

A news release by the minister's office said Gray told the Australian Institute of Mining and Metallurgy's international conference in Darwin that Australia needed new mines, reports Xinhua.

"We need industry to commit to further development of new projects to ensure that our uranium production meets global demand, particularly as demand for uranium is likely to surpass current supply," Gray said.

"Uranium exploration and mining have particular characteristics that make its exploitation complex.

"Parliament and industry must work together to ensure that mining, processing, commercial and regulatory actions represent best practice and encourage the growth of the uranium industry."

Australia holds 40 percent of the world's known uranium reserves and the country's uranium industry plays an important part in the global electricity market.

The Australian government has agreed to lift the ban of exporting uranium to India, but a final deal to export Australian uranium to New Delhi could be years away.

Do you like this article?

Copyright  Indo-Asian News Service

User Rating  Rating(0 Votes)

Views  40

Readers Feedback & Discussion

Join India Forums for free to comment on this story. Have an account already? Login to comment.

News Australasia Articles Index

  

Articles in Australasia

Art - Culture Business Diaspora
Education Health Politics
Religion Sports Sci-Tech
Travel

AROUND THE WORLD NOW

Asia America Australia
Africa Europe Gulf-Middle East
Pakistan Nepal Bhutan
Sri Lanka Bangladesh Maldives

Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.