Industry Analysis & Industry Trends
Australia has an estimated 46% of the world's low-cost uranium reserves and accounts for 15% to 20% of global uranium output. The Uranium Mining industry is expected to generate revenue of about $896.5 million in 2012-13, compared with $1.05 billion in 2007-08 (an annualised decline of 3.1%). Industry revenue is expected to expand by about 11.4% in 2012-13 on the back of slightly higher prices (in Australian dollars) and increased production. Net profit before interest and tax is expected to be about $559.2 million and the industry should contribute about 0.1% of Australia's GDP.
The industry is expected to produce 8,150 tonnes of uranium oxide in 2012-13, all of which is destined for export. There is no local market for the industry's output... purchase to read more
Industry Report - Industry Locations Chapter
Australia's production of uranium oxide is fairly evenly split between South Australia (the large Olympic Dam mine and the small Beverley and Honeymoon mines), and the Northern Territory (the Ranger mine).
Production is determined not only by the location of the resource, but also by the government policy at the federal and state level. The federal Labor Party dropped its 'no new uranium mines' policy in April 2007, but changes at the state government level have taken longer. The Queensland State Government only lifted the ban in that state in October 2012. The New South Wales State Government removed a ban on uranium exploration in early 2012, but retained a ban on uranium mining. .. purchase to read more