Australia Uranium

 

 

 

 

 

 

Australia Uranium

 

 

Uranium Australia

Uranium has become one of the most important and sought-after energy minerals in the world for the last half a century.

The element’s key importance has been identified in the production of electricity.

 

Many companies are also seeking reserves for the rising demand for production of medical isotopes.

The radioactive element is also known as a significant ingredient in many nuclear weapons, a use that is not encouraged by any democratic and progressive government globally.

 

Uranium deposits comprise up to 2.8 parts per million of the planet’s crust. Everywhere, there are just traces of the element.

 

 

 

In general, uranium is considered more abundant than silver, mercury, and gold. It is less abundant than molybdenum, lead, and cobalt, but is as abundant as tin.

There are also vast amounts of the element in oceans, albeit in a lower concentration. Australia is the biggest miner, producer, and exporter of uranium. The country is currently producing up to 24% of the mined uranium in the world.

 

Australia Uranium

Other countries with significant uranium production are Kazakhstan (17%), Canada (9%), the US (7%), South Africa, Brazil (6%), and Nigeria (5%). Australia uranium was first produced in Northern Territory’s state government-owned Rum Jungle mining project in 1954. Other mines followed suit, including South Australia’s Radium Hill and Queensland’s Mary Kathleen. Australia uranium is basically exported to many other nations in the form of ‘yellow cake,’ a khaki-colored oxide called ammonium diuranate. Some of the popular mining projects and firms that discovered and mined Australia uranium were Northern Territory-based Nabarlek, Jabiluka, and Ranger; 

 

Western Australia’s Yeelirrie; and South Australia’s Olympic Dam. Most of Australia’s uranium produce are sourced from underground mines. A small portion comes from open cut mines and in situ leach or ISL mining.

Uranium is one of the country’s most important and lucrative mining products. Australia has committed not to use its yellowcake produce for nuclear power plants locally. The biggest contractor and buyer of the element so far is China. The two countries have standing agreements about the trading and usage of uranium. Australia maintains responsibility by making a contract to ensure that any country it supplies will not in any way use uranium exports in nuclear weaponry development and testing.

Aside from Australia, Canada also has set strict conditions for uranium exports and use. Both countries want to put proper safeguards against uranium exportation for anti-humanitarian purposes. The two nations conduct separate inspections and materials accounting procedures in an effort to account for every uranium supply used by buyers. The world wants to make sure uranium will be used in peaceful and productive purposes rather than for military or weaponry activities. The International Atomic Energy Agency is also active in closely monitoring global demand and usage of the element.
 

 

 

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