MELBOURNE: As Australia and India have decided to start negotiations for civil nuclear agreement, Queensland Premier Campbell Newman has lifted ban on the state’s uranium mining.
Uranium has not been mined in Queensland after the shut down of the Mary Kathleen mine in the State during 1982.
The State’s Resources Council stated that Queensland has nearly $18 billion worth uranium reserves, mainly in the State’s north-west.
The Federal Government’s move to move ahead with plans to sell uranium to India had enhanced interest in the sector.
Moreover, the State Government has decided to form a three-member panel to review the start of uranium mining in the State.