Uranium Mining to be Banned in Queensland Once Again

Mining Australia reported that the new Palaszczuk labour government plans to ban uranium mining in Queensland once again, a ban that was previously in place from 1982 up until 2012.

As quoted in the market news:

The recently instated minster for natural resources and mines, Anthony Lynham, announced the prohibition, which had stood in place from 1982 until 2012, would be brought in again. The previous Newman Government overturned the ban soon after being elected, with former QLD premier Campbell Newman stating that strong support for the uranium industry by the Federal Government had helped in the decision.

The then minister for natural resources and mines, Andrew Cripps, said the uranium deposits in the state were worth an estimated $10 billion.

The following year it released a uranium strategy action plan, which covered the implementation of best practice regulatory framework for uranium mining in the state, environmental standards, safety and health, economic and community development, indigenous opportunities and native title.

Now the ban will be back in place. However while Lynham said mining will not take place, he added that exploration is allowed to continue.

Click here to read the full Mining Australia report.