Olympic Dam

The Australian Greens want to stop all uranium exploration, close all of Australia’s existing uranium mines, oh, and while they’re at it, they’d also like a nuclear free world.

Guess what: It’s not going to happen. It’s bad policy, naive politics, and exhibits an undergraduate response to federal politics which is unbecoming in a party soon to hold the balance of power in the Senate.

Added to that, it’s a stance which assumes that the debate about the utility of nuclear power for climate change reduction is over, and that it’s been found wanting. This is far from the case.

Continue reading "Greens think locally, act stupidly on uranium" »

South Australia stands at the edge of a potential golden era, a golden era of opportunity like the state has never seen before.

It turns out that South Australia sits on a giant bed of yellow cake that, if managed properly, will drive the state for generations.  As China and India continue to grow at nearly 10% per year with no sign of stopping soon, their insatiable appetite for energy resources grows along with it.

For instance between now and 2050 China will require an additional terawatt of power just to sustain their current levels of growth.  Given the desire to build emission free power plants, uranium is in high demand as a fuel of choice around the world particularly amongst developing countries.

Continue reading "The dambusters: tax review’s threat to mining" »