Paladin, Summit Form Committee To Evaluate Uranium Mining

Paladin Energy Ltd. (TSX:PDN,ASX:PDN) and Summit Resources Limited (ASX:SMM) announced it will convene an implementation committee to oversee the recommencement of uranium mining in Queensland.

As quoted in the press release:

Paladin and Summit commend the Campbell Newman led Queensland government for taking this very progressive decision. The ban on uranium mining was an ideological relic from a previous time. Governments from both sides of the political divide around Australia have moved on.

Click here to read the Paladin Energy Ltd. (TSX:PDN) press release.  

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Peninsula Energy (ASX:PEN) is set to be the ASX’s next uranium producer. Its flagship Lance Projects in Wyoming is headed towards production in 2015, with purchasing contracts secured for 2015 to 2024.

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