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Wednesday
Apr032013

Australia approves uranium mining project

PERTH, Australia, April 3 (UPI) -- The Australian government has granted environmental approval for Toro Energy Ltd.'s $280 million Wiluna uranium mining project in Western Australia.


The approval comes with 36 conditions to guard against negative effects from radiation and other factors.

Wiluna would become Australia's sixth uranium project but the first in Western Australia. While Australia's uranium output represents just more than 10 percent of global production, the country has the world's largest uranium inventory with one-third of known recoverable resources.

"Wiluna is the first new Australian uranium mine since mid 2009 to receive federal and state government approval," Toro Managing Director Vanessa Guthrie said in a statement.

Wiluna was granted environmental approval by the Western Australian government last October. Together, the state and federal approval process has taken nearly 3 1/2 years.


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