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Australia’s Queensland will permit uranium mining and Japanese nuclear reactors will have systems to prevent hydroegen explosions
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1. After years of staunchly opposing uranium mining, Queensland state (austrialia's northeast) has had a sudden change of heart. The state government says it plans to restart an industry that’s been dormant since 1982 so it can unlock deposits of the nuclear fuel worth 10 billion Australian dollars (US$10.3 billion).
That’s good news for listed miners like Paladin Energy, Canada’s Mega Uranium and Laramide Resources that kept hold of uranium assets in Queensland when rivals including Rio Tinto were losing patience and selling out.
Laramide says its Westmoreland project, formerly owned by Rio Tinto, has reserves of 51.9 million pounds of uranium.
See more and subscribe to NextBigFuture at 2012-10-23 01:24:05 Source: http://nextbigfuture.com/2012/10/australias-queensland-will-permit.html
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