Australia Uranium Mining

Australian Uranium Mining :
Only 3 Mines in Operation, but 2 more on its way.
Operating :
Olmpic Dam Mine : Listed : BHP
Ranger Uranium Mine : Listed ERA [68% owned by RIO]
Beverley Uranium Mine : Private : Heatgate resources.[Affiliated to Quasar resources]

Approved
Four Mile uranium mine : Quasar Resources & Alliance Resources
Honeymoon Uranium Mine : Listed : Uranium One


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STATISTICS :
Of the world's proven estimated uranium reserves (5,469,000 tonnes), 23% are held in Australia (1,243,000 tonnes), ahead of Kazakhstan (15% or 817,000 tonnes).[1] Other major world reserves are held in the Russian Federation, South Africa, Canada, USA, Brazil and Namibia (37% combined).

In terms of production, Canada is the largest supplier to export markets, followed by Kazakhstan and Australia.[2] Australia exported 50,235 tonnes of uranium oxide concentrate in the five years to 2008, worth a value of A$2.9 billion.[1]

At present day values, proven Australian reserves are valued at more than $300 billion. This will increase as uranium ore prices rise on increasing demand, with more countries turning to nuclear power generation as a means of dealing with global warming and declining stocks of fossil fuels, and as exploration discovers new reserves: 2009 ABARE forecasts predict a 38% increase in export volumes and an 86% increase in export revenues by 2014.[1]