Accessibility Links

Uranium to bring jobs back to Australia

28 Oct 2015

Australia’s mining industry could enjoy a job boom given the right policies in the uranium sector, according to a new report.

The study, commissioned by the Minerals Council of Australia, found that under high-growth scenarios for local uranium production and nuclear power, the economic benefit from the industry could increase tenfold to $9.5 billion.

Such opportunities will only be realizable if Australia undergoes policy reforms making it a more attractive investment destination, including removing exploration bans in those states where the bans exist and increasing the number of ports through which uranium can be exported.

The study comes as uranium prices have begun to pick up this year, at around $37.75 a pound.