Australia’s Uranium Future

Uranium Investing News & U308.biz report on Australia’s uranium future.

This week, the government of South Australia gave the go-ahead for Alliance Resources‘ [ASX: AGS] Four Mile deposit. In the last 20 years, only two other uranium mines in Australia have received approval.

But that is soon to change. As it stands now, there are no bans on uranium mining in South Australia, the Northern Territory or Western Australia, which lifted its ban in November of 2008. “Up to five uranium mines could be operating in Australia next year,” reports Sarah-Jane Tasker for The Australian.