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Radioactive mining.

Publication: Multinational Monitor
Publication Date: 01-MAY-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Radioactive mining.(THE FRONT)

Article Excerpt
AS THE RESOURCE SECTOR carries e Australian economy through the global financial crisis, significant uranium deposits lie dormant and undeveloped in Australia's outback. Spurred by the possibility of the Australian economy sliding into recession, Australian state and federal governments have been busily removing the barriers to further uranium mining within Australia.

If capital is scarce, then rainfall is scarcer in the mostly arid state of South Australia. Within this state are the currently operational Beverly and Olympic Dam uranium mines, as well as the Honeymoon mine, which has recently received approval for construction to commence. These mines all require copious amounts of water to function.

The Beverly Uranium mine is operated by U.S.-based General Atomics, through subsidiary Heathgate Resources. In August 2008, General Atomics was granted approval to significantly expand operations at Beverly, increasing the size of the mine from 16 square kilometers, to 100 square kilometers. Expansion of the mine was approved by Federal Environment...

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