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« The Black Hole In All Major and Some Minor Banks | Main | Coram closing controversial uranium mines »
Wednesday
Jun122013

NSW government approval for uranium exploration a step closer

Chart courtesey of U3o8.biz

THE NSW Minister for Resources and Energy Chris Hartcher is expected to give the go-ahead soon to several companies to begin exploring for uranium in far western NSW.

Speaking at the AusIMM International Uranium Conference in Darwin Mr Hartcher announced that he expected to invite companies to apply for an exploration licence by early next month, and that exploration licences will be granted by the end of the year.

NSW overturned a long-standing ban on the exploration for uranium in March last year, and since then 39 expressions of interest from companies ranging from Iluka Resources and a Rio subsidiary, to rare earth miners. The NSW land council has also registered its interest.

Mr Hartcher and the South Australian Minster for Mineral Resources Minister Tom Koutsantonis announced an agreement to facilitate exploration across the border.

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