Labor has been urged to ditch its anti-uranium ideology after signing a massive deal to export the valuable commodity to India.<\/p>\n
The Albanese government struck a deal with Indian Prime Minister Narendra Modi to export Australian uranium to India for use in the nuclear energy industry.<\/p>\n
\u201cAustralia\u2019s huge uranium reserves are directly connected to India\u2019s nuclear journey,\u201d Mr Modi said at a business event in Melbourne on Thursday.<\/p>\n
The recent announcement sparked calls from Cauldron Energy CEO Jonathon Fisher to overturn mining bans and increase production.<\/p>\n
\u201c(We need) less ideology (and) more practicality,\u201d Mr Fisher told Business Weekend.<\/p>\n
He said bans in Western Australia, Queensland and New South Wales needed to be overturned to capitalise on Australia\u2019s vast array of uranium.<\/p>\n
\u201cLet’s look at the reason why the bans are in place in the first place,\u201d Mr Fisher said.<\/p>\n
\u201c\u2018It can’t be done safely in nuclear weapons\u2019 – well, the South Australians have safely mined uranium for over 40 years, that’s not a problem.<\/p>\n
\u201cOn nuclear non-proliferation, Australia remains the gold standard for looking after our safeguards.\u201d<\/p>\n
Labor has ruled out nuclear energy for the nation\u2019s power mix and has dismissed calls to lift the moratorium on the power supply.<\/p>\n
NSW\u2019s upper house has passed legislation that removes the 39-year-long ban on uranium mining, however, this still needs to go through the state\u2019s lower house.<\/p>\n
Mr Fisher said there were large prospects for uranium mining the NSW town Broken Hill, which sits near the border of South Australia.<\/p>\n
\u201cThere is plenty of uranium in New South Wales, although there’s been a long ban and hence it’s been underexplored,\u201d he said.<\/p>\n
\u201cWe know that around Broken Hill there are vast amounts of uranium. It’s in the same sort of paleo-channel environment as the big deposits in South Australia and I can guarantee you, geology does not respect state borders so the same plumbing system is there.<\/p>\n
\u201cAnd Broken Hill itself already has a uranium mining workforce because they drive in and out to Boss (Energy\u2019s) Honeymoon project.\u201d<\/p>\n
Mr Fisher said that investing in uranium mining was also crucial as Australia both strives to reduce emissions and bolster energy security.<\/p>\n
\u201cThe biggest challenge of our time, I believe, is energy abundance. How do we get a huge amount of energy at a low price?\u201d he asked.<\/p>\n
\u201cIndia is going down the nuclear route. They’ve got a massive data centre built out over there.<\/p>\n
\u201cThey need that energy, and they have no domestic sources of uranium. They’ve got thorium, but no uranium and they’re looking to one of their closest trading partners.\u201d<\/p>\n
Both the Coalition and One Nation have signalled support for nuclear energy.<\/p>\n
This comes despite the Coalition losing the 2025 election with a policy for seven publicly-funded plants.<\/p>\n","protected":false},"excerpt":{"rendered":"Labor has been urged to ditch its anti-uranium ideology after signing a massive deal to export the valuable…\n","protected":false},"author":2,"featured_media":48689,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1757,22,23,21,11131,156,31584,18554,1668,28809,35487],"class_list":["post-48688","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-albanese-government","tag-au","tag-australia","tag-austrlia","tag-india","tag-labor","tag-narendra-modi","tag-nuclear","tag-sky-news","tag-uranium","tag-uranium-mining"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/48688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=48688"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/48688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/48689"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=48688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=48688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=48688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}