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On 19 March 2015 the South Australian government established The Nuclear Fuel Cycle Royal Commission to investigate the expansion of uranium mining and exploration of new uranium deposits in South Australia. [39] On 15 November 2016 the government decided to support all five uranium mining related recommendations made by the commission. [40]
It was Australia's first uranium mine, [2] years before the country's next major mines at Rum Jungle in the Northern Territory (opened in 1950), and the Mary Kathleen mine in Queensland (1958). [ 3 ] This is a List of Australian inquiries and reports relating to uranium mining issues.
Uranium is a widely distributed metal with large low-grade deposits that are not currently considered profitable. As of 2015, 646,900 tonnes of reserves are recoverable at US$40 per kilogram of uranium, while 7,641,600 tonnes of reserves are recoverable at $260 per kilogram. [ 2 ]
Despite Australia's position as the world's fourth-largest producer and holder of one-third of global reserves, uranium mining remains banned in Western Australia and Queensland.
Four Mile is the fifth uranium mine in Australia. The deposit was first discovered in 2005 [5] and is the largest uranium discovery in Australia since 1990. [6] In June 2009, Alliance Resources announced that the deposit contained 28,000 tonnes (31,000 short tons) of uranium oxide and the ore was graded at ten times that of Olympic Dam mine and double that of the Ranger mine in the Northern ...
The benefits to Australia of uranium mining in Kakadu are mainly economic. Australia possesses 24% of the world's uranium deposits, [17] and the potential to export this uranium would benefit the Australian economy. From 2000 to 2005 nearly 50,000 metric tonnes of uranium oxide were exported from Australia to eleven different countries.
Australia hosts 33% of the world's proven uranium deposits, and is currently the world's third largest producer of uranium after Kazakhstan and Canada. [ 1 ] Australia's extensive low-cost coal and natural gas reserves have historically been used as strong arguments for avoiding nuclear power. [ 2 ]
The original Beverley uranium deposit was discovered by one of Bill Siller's companies in 1969 and was named after his wife—Beverley Siller. The mine is owned and operated by Adelaide-based company Heathgate Resources Pty Ltd. Heathgate Resources is a wholly owned subsidiary of General Atomics. [3] [4] Beverley is a palaeochannel uranium deposit.