Uranium industry set to take off

Yahoo Finance Australia reports the uranium sector is set to grow.

The State Government lifted a moratorium on uranium mining in 2008 and five companies have been given the green light to mine the resource in Western Australia.

The director-general of the Department of Mines and Petroleum Richard Sellers expects at least two mines will begin operating by 2013.

“It certainly has had a massive increase in exploration since the moratorium was lifted,” he said.

For complete story, click here.