Showing posts with label Australia's uranium. Show all posts
Showing posts with label Australia's uranium. Show all posts

Australia's Uranium Energy Resource




Australia's uranium has been mined since 1954, and four mines are currently operating. Of the world's proven estimated uranium reserves 23% are held in Australia ahead of Kazakhstan other main world reserves are held in the Russian Federation. In 2011-12 Australia produced 7700 tonnes of uranium oxide concentrate. It is the world's third-ranking producer, behind Kazakhstan and Canada.

Australia uses no nuclear power, but with high reliance on coal and likely carbon constraints on electricity generation, it remains a possibility. In the 1930s ores were mined at Radium Hill and Mount Painter in SA to recover radium for medical purposes. As a result a few hundred kilograms of uranium were also produced. Australia's uranium is sold strictly for electrical power generation only, and safeguards are in place to ensure this. Australia is a party to the Nuclear Non-Proliferation Treaty as a non-nuclear weapons state.