Lower Uranium Project Hurdles for the Mining States
Source: Mineweb.com (5/10/07)
South Australia and the Northern Territory, which host Australia's three operating uranium mines, have the added advantage of in-built rules, regulations and experienced bureaucrats for the approval processes for any new uranium mining projects.
The chief executive of Toro Energy Ltd, Greg Hall, says the time lines from board approval for development to processing first uranium ore has already been shown to be only about 18 months for both mining approvals and for community agreements, including ratification of native title agreements.
...Because timing is so important for new projects today, developers would try to undertake both mining and community agreements in tandem. However, before these processes could begin, developers also needed to have a scoping study or even pre-feasibility study. Either of these could also take 18 months or more.