Home' Australian Resources and Investment : September 2015 Contents VOLUME 9 NUMBER 3 • Australian Resources and Investment • 107
A renewed sense of optimism
for Australia's uranium sector is
encapsulated in the March edition
of Resources and Energy Quarterly,
published by the federal government's
Department of Industry and Science.
The range of forecasts that this
document outlines includes:
3 a moderate price recovery -- on
average, uranium prices are forecast
to be 19 per cent higher in 2015 than
3 about 70 nuclear reactors are
currently under construction around
3 China is expected to more than triple
its nuclear power capacity by 2020.
A point not always widely
appreciated is that nuclear power has
been around for more than 60 years;
31 countries have operable nuclear
power reactors that provide 11 per cent
of the world's energy.
Statistics on the current state of
play compiled by the World Nuclear
Association show that the United
States continues to be the largest
producer of nuclear power -- it has 99
of the 437 operable nuclear reactors in
In Europe, nuclear power is by far
the single largest source of low-carbon
electricity, providing about 30 per cent
of the electricity consumed.
China is expected to be the
principal source of growth in demand
for uranium; India has six reactors
under construction, the United Arab
Emirates has three, and South Africa
is setting targets to build further
Uranium: an important part of the
A recurring theme identi ed by energy
analysts is that long-term demand
for uranium will be driven by the
imperatives to provide long-term energy
security and low-carbon energy emission,
especially from emerging economies.
Alongside renewables, there is
consensus that nuclear power will remain
an important part of the energy mix.
According to the International
Energy Agency (IEA), global energy
demand is on course to increase by
37 per cent by 2040.
Forty per cent of energy-related carbon
dioxide emissions are from electricity.
Since 1971, nuclear power has
averted the release of an estimated
56 gigatonnes of carbon dioxide --
that equates to two years of total
global carbon dioxide emissions at
Nuclear Fuel Cycle Royal
As South Australia has been
the focal point of Australian
uranium mining for a quarter
of a century, the state
government has established
the Nuclear Fuel Cycle Royal
Commission to consider the
role that South Australia could
play in the nuclear fuel cycle.
This independent and
will focus on four key areas
of activity that form part of
the nuclear fuel cycle:
3 those activities that relate
to the potential for the
expansion of exploration
and extraction of
3 undertaking further processing
of minerals and manufacture of
materials containing radioactive
3 use of nuclear fuels for electricity
3 storage and disposal of radioactive
and nuclear waste.
The Commission is required to report
no later than 6 May 2016.
More information can be found at
The South Australian competitive advantage:
3 Miners in South Australia have demonstrated experience with
technologies for processing uranium ore using different ore bene ciation
3 South Australia has proven safe uranium handling and transportation
systems (>30 year record).
3 South Australia is home to one of only two Australian ports approved
for uranium exports: Port Adelaide. The other is the Port of Darwin, in
the Northern Territory.
3 South Australia has a royalty rate of two per cent for new mines. After
the rst ve years, the rate then reverts to ve per cent for mineral ores
and concentrates (including uranium).
3 South Australia has the demonstrated geology with high potential for
3 South Australia's strength lies in the fact that it is a jurisdiction
constantly working in partnership with industry to deliver new
discoveries, best practice regulation, and environmental controls and
safeguards that build a social licence to operate.
Olympic Dam Expansion
Current 18 June 2015
Major uranium mines (approved)
Developing uranium projects
Tenements under exploration for uranium
Uranium contained resource (tonne)
Less than 1000
1000 - 9999
Greater than 1 000 000
Links Archive June 2015 December 2015 Navigation Previous Page Next Page