WA Uranium Miners Fear Future Despite Change in Labor Policy

SMH reported Western Australia’s future uranium miners are pleased with recent changes in Labor policy, but still face uncertainty.

As quoted in the market news:

One of those is South Australia-based Toro Energy, which is among a handful of uranium hopefuls to have pursued WA deposits since the Colin Barnett government lifted the state’s long-standing ban in November 2008.

Toro managing director Greg Hall said he was confident the company would receive final state and federal approvals for its Northern Goldfields deposit by the middle of this year, and Labor’s policy change was good news.

Toro will continue to push ahead with its target to begin construction in 2013, with the first uranium sales the following year.

Click here to read the full SMH report.