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« Portfolio Update 21 September 2007 | Main | Uranium: “Demand is understated and supply is overstated” »

Tasmania: Now it is legally possible to mine uranium!

Tassie devil 22sep07
According to the Sydney Morning Herald the government and the opposition have overcome the Tasmanian Greens Party to make the mining of uranium in Tasmania legal.

This is another victory for common sense and another blow to the Green movements outdated policies. We see this change in political will as a major move forward for Australia which will add pressure to the other states such as Queensland which so far has resisted the call to allow uranium mining.

The article goes on to say that: “Perth's Minemakers has just punched a few holes into one of several old uranium prospects in the north-east of the island state, in what is the first exploration for the radioactive stuff down there for longer than anyone can remember.

“It was Drummond's uranium experience back in the 1970s and 1980s with the likes of Uranerz that alerted him to Rossarden's uranium potential, even if it is best known as Australia's largest historic combined tin/tungsten field. Research by Drummond found that the region is also home to four of the five known uranium properties in Tassie.”

“One of them, the old Tasmania United prospect, was the subject of limited mining more than 50 years ago and encountered spectacular uranium ore grades of more than 13 per cent from small-scale adits cut into the side of a hill”

Well not bad for starters! We will need to keep an eye on developments here. If there are any of our Australian readers out there who can enlighten us further please feel free to add your comments to this article.

Aus and tassie 22sep07

I once stayed at the casino in Hobart which was very nice but that was a business trip regarding the pulp and paper industry a few moons ago. Tasmania is an island just south of Australia opposite the city of Melbourne.
Tassie Map 22sep07

The countryside was similar to that found in New Zealand, absolutely stunning. No doubt that a few newsletter writers will find a reason to visit Tassie shortly!

Tas views 22sep07

Have a good one.

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Reader Comments (1)


Minemakers is a screaming buy!

September 24, 2007 | Unregistered Commentercrazyjimsmith

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