Australian Labor Party Lifts Ban on New Uranium Mines

Source:

Although Australia's opposition ALP has lifted its opposition to development of new uranium mines, it is up to the States to set their own policies. . .

Although Australia's opposition ALP has lifted its opposition to development of new uranium mines, it is up to the States to set their own policies and most State governments are still opposed.

The anticipated win for Federal Australian Labor Party (ALP) Leader Kevin Rudd to end the party's rigid "No New Mines" policy for uranium happened today at the ALP national convention, but by a narrow margin.

The anticipated public and political changes have seen an enormous uranium boom in Australia and there are now more than 140 listed explorers with many operating in WA. . .

In the last few days of this week uranium stocks generally went for a run, with some explorers reaching new peaks. All this was in anticipation of Rudd succeeding in killing the ‘No New Mines' policy.

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