The Conversation (0)
Australian Mining reported that Cameco Corp. (TSX:CCO,NYSE:CCJ) has suggested that Esperance, Western Australia become an export hub for its products.
Australian Mining reported that Cameco Corp. (TSX:CCO,NYSE:CCJ) has suggested that Esperance, Western Australia become an export hub for its products. Uranium mining is currently gaining momentum in Western Australia.
As quoted in the market news:
Cameco’s Yeeleerie project, billed as the largest in WA, is located near Wiluna some distance from Port Adelaide and Darwin, the only two ports in Australia approved for shipping uranium.
While the Yeeleerie project has been slowed to wait for commodity price recovery in the post-Fukushima uranium market, Cameco Australia managing director Brian Reilly said all options for shipping would be considered.
Reilly commented:
This is a region that needs the next wave of projects and the uranium sector can deliver four, five, six projects down the track and make a significant difference to WA.
The product we ship is a high-value, low-volume product and as it sits today most uranium goes to the port of Adelaide.
Why wouldn’t we contemplate a WA port when we get a business case and a number of other projects up and running?