South Australian Premier Announces Growth in Nuclear Industry

Australian Mining reported that South Australia’s premier, Jay Weatherill, has announced that a new royal commission will look into the potential for South Australia to increase its role in the nuclear production chain.

As quoted in the market news:

Weatherill said South Australia had been part of the nuclear fuel cycle for 25 years through mining at BHP-operated Olympic Dam, for which uranium ore represents 25 per cent of production (70 per cent copper).

Weatherill stated:

It seems that nuclear energy, at least in the large scale transmission form, is not something which would be economically viable in South Australia or even indeed the nation, although technological changes are occurring with much smaller nuclear generation plants.

And of course [there is] the question of enrichment, adding value to the ore that we send over in a relatively unprocessed manner.

Click here for the full Australian Mining report