Uranium Politics in Australia

- November 5th, 2009

While the forecast for increasing demand is having an impact on Australia’s uranium mining industry, the touchy politics associated with the rare earth resource remain in play at the state and federal level.   Geologist and managing director of Summit Resources [ASX: SMM], Alan Eggers has said the ban doesn’t make any sense. “It is … Continued

While the forecast for increasing demand is having an impact on Australia’s uranium mining industry, the touchy politics associated with the rare earth resource remain in play at the state and federal level.

 

Geologist and managing director of Summit Resources [ASX: SMM], Alan Eggers has said the ban doesn’t make any sense. “It is a political ban that has no basis of science, health or safety or commercial or any other area.”  Eggers has tried appealing to the public by pointing to advantages of the uranium industry in the state, such as job creation and royalties.

Read the rest of this article on Uranium Investing News & u3o8.biz.

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