Australian Uranium - 2015

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 06/29/15

Australia's uranium has been mined since 1954, and three mines are currently operating. More are planned. Australia's known uranium resources are the largest in the world or 31% of the world total. In 2014, Australia produced 5897 tonnes of U3O8 (5000 tU). It is the third-ranking producer in the world, behind Kazakhstan and Canada. All production is exported. Australia uses no nuclear power, but with high reliance on coal, any likely carbon constraints on electricity generation will make it a strong possibility. In 2015 the South Australian government set up a royal commission to look into the potential for nuclear power.