Uranium One Completes Australian Joint Venture Transactions with Mitsui

Uranium One Inc. and Mitsui & Co., Ltd. of Japan announced that all regulatory approvals required to close the joint venture transactions previously announced on October 15, 2008 have been obtained. Mitsui has now acquired a 49% interest in the Honeymoon project and Uranium One’s Australian exploration portfolio including the Goulds Dam and Billeroo projects, and other prospective tenements... 

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Rann to help push uranium mining, export

South Australian Premier Mike Rann says he wants to work closely with the mining sector to ensure benefits flow from Labor’s new policy on uranium mining. Mr Rann said the decision to dump the no new mines policy at the ALP convention at the weekend was a victory for common sense. “The ALP conference decision on uranium represents, from my point of view – mission accomplished,”... 

Rudd to win uranium vote

Mr Rudd wants to overturn a historic ban on the opening of new mines but there is fierce opposition from many delegates, especially those on the Left. However, key anti-nuclear figures in the party yesterday admitted it would be devastating if Mr Rudd were defeated. “It’s too close to the next election to be cannibalising ourselves,” a key member of the Left said. Uranium and the... 

Howard Urges Australian States to End Uranium Bans

Prime Minister John Howard urged Australia’s regional governments to end bans on new uranium mines that prevent the nation from tapping soaring demand for the reactor fuel. The nuclear power boom provided a “timely opportunity,” Howard said today, releasing a government report that supported an end to the bans, enrichment of the metal for use in reactors and construction of as many...