Can Australia export uranium?
Executive Summary. Australia has the world’s largest resources of low-cost uranium. Australia currently exports about 10 000 tonnes of uranium oxide per year from three operating uranium mines.
Who does Australia sell its uranium to?
We sell uranium to countries with a recent history of weapons-related research. In 2004, South Korea disclosed information about a range of weapons-related R&D over the preceding 20 years. Australia has supplied South Korea with uranium since 1986.
What countries does Australia export uranium to?
In terms of production, Kazakhstan is the largest supplier, followed by Canada and Australia. In 2019 Australia exported 6,613 tonnes (15 million pounds) of uranium, 12% of world production, for use in nuclear power generation.
Does Australia have lots of uranium?
Australia’s vast resources of uranium amount to a staggering 40% of the world’s total identified resources of uranium recoverable at low cost. Uranium mining in Australia began in 1954 at Rum Jungle in the Northern Territory and Radium Hill in South Australia.
Who owns Olympic Dam uranium?
BHP
The Olympic Dam mine is a large poly-metallic underground mine located in South Australia, 550 km (341.75 mi) NNW of Adelaide. It is the fourth largest copper deposit and the largest known single deposit of uranium in the world….Olympic Dam mine.
| Location | |
|---|---|
| Opened | 1988 |
| Owner | |
| Company | BHP |
| Year of acquisition | 2005 |
How much of Australia’s uranium is exported?
Australia has around one third of the world’s uranium resources, and is the world’s third ranking producer, accounting for approximately 10 per cent of annual global production….Australia’s Uranium Production and Exports.
| ITEM | DATA |
|---|---|
| Value Australian UOC exports | $734 million |
| Australian exports as percentage of world uranium requirements4 | 9.6% |
Where in Australia is uranium found?
Two uranium mines operate today in Australia, Ranger in the Northern Territory and Olympic Dam in South Australia. All uranium produced is exported for nuclear power generation.
Does Australia sell uranium?
Can you buy uranium in Australia?
Australia’s uranium is sold strictly for electrical power generation only, and safeguards are in place to ensure this. Australia is a party to the Nuclear Non-Proliferation Treaty (NPT) as a non-nuclear weapons state.