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Uranium mining
Uranium mining is financial dead end: Greens
The Australian Greens today urged caution on fast tracking uranium mining in Western Australia, following reports that BHP is considering rapid development of WA's largest deposit at Yeelirrie.
"The world uranium spot price has collapsed since July last year, and yet the industry is still behaving as though their imaginary 'nuclear renaissance' is actually happening," said Australian Greens nuclear spokesperson Senator Scott Ludlam.
The Greens have produced research which shows that the share price of the top ten uranium explorers in Australia have been decimated by the turmoil in financial markets, underperforming the market overall and well below the large diversified miners.
India will easily get Australian uranium via the United States under new nuclear deal
Australian uranium will likely end up in India under the new nuclear deal between India and the United States, Senator Scott Ludlam, Australian Greens spokesperson on nuclear issues said today.
"Australia's decision to back the nuclear deal between India and the United States drives a gaping hole in the nuclear Non-Proliferation Treaty (NPT)," Senator Ludlam said.
Howard-era Russia uranium deal must go: Greens
The Australian Greens today called for the end of the existing Australia-Russia uranium deal, given the recent violence in Georgia and inflammatory comments overnight by the Russian Ambassador.
"Foreign Minister Steven Smith can draw a line under this reckless foreign policy gamble of the Howard era," said Australian Greens spokesperson on nuclear issues, Senator Scott Ludlam.
"It is these deals that are sending a clear signal to Russia and governments around the world: revenue from uranium sales is more important to Australia than nuclear non-proliferation, disarmament and international peace and security. This is not a message that the Australian public want to be a part of."
