Election Maintains Positive Uranium Outlook

Source:

The change of government in Australia from John Howard's Liberal Coalition to the Australian Labor Party led by Kevin Rudd is not expected to change, for the worse, the country's uranium mining and exploration policies or investment climate for uranium and may change them for the better.

The change of government in Australia from John Howard's Liberal Coalition to the Australian Labor Party led by Kevin Rudd is not expected to change, for the worse, the country's uranium mining and exploration policies or investment climate for uranium and may change them for the better.

Two states remain opposed to uranium mining - Queensland and Western Australia - and the Labor governments of these for maintain their stance despite the Labor Party dropping its federal anti-mining policy in April. Now in government, it will come under pressure to deliver on the promises effectively contained in its policy change, i.e. uranium mining in all States.

In fact, the prospects for that may actually be better under the new Rudd Labor government because having a federal Labor government will remove the partisan political conflict from the debate. Under pro-nuclear Howard, Labor-governed states positioned uranium mining as a prelude to nuclear power, or to taking back the wastes from overseas use of the uranium.

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe