Marathon Minerals says Good Bye to Uranium Industry

Sydney Morning Herald reported that mineral exploration company, Marathon Minerals has thrown in the towel when it comes to uranium. According to Marathon, the uranium industry’s “risks were more likely to exceed rewards.”

SMH wrote:

Marathon previously has been involved in exploring a section of South Australia’s Flinders Ranges with a view to developing a significant uranium deposit.

However, it fell foul of the South Australian government over the disposal of waste while the government eventually moved to ban all mining in the environmentally-sensitive area anyway.

Marathon Minerals chairman, Peter Williams told investors at an annual meeting on Thursday that:

Both the political and regulatory regimes have deterred us permanently from the uranium industry.

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