WA biz disappointed by uranium ban

20 June, 2017

Banning development of new uranium mines will hinder Western Australia’s economic recovery and undermine diversification of the state’s resources sector, says WA’s peak business advocate.

 

The Chamber of Commerce and Industry of Western Australia (CCI) says the State Government’s ban on all future uranium mining leases denies the business community a significant opportunity to drive new economic growth and create more jobs for WA workers.

 

CCI Chief Executive Officer Deidre Willmott said while the ban was disappointing, WA business did appreciate today’s confirmation that uranium projects with State Ministerial approval would still go ahead.

 

“Uranium is an untapped resource in Western Australia that has vast potential to power new economic growth, through the construction of new mines and subsequent job creation,” Ms Willmott said.

 

“The Western Australian business community is therefore disappointed by today’s announcement –  countries within our region like Japan and India have reaffirmed their commitment to nuclear power in recent years, meaning there is a significant opportunity for uranium producers to capitalise on increased demand from our neighbours in Asia.

 

“While it is disappointing that the State Government has introduced a uranium ban, the business community is pleased that the government has clarified their position on previously-approved uranium mines – this gives industry much-needed certainty about these projects coming on line and opportunities related to these new developments.
 

“CCI and the WA business community welcome the State Government’s decision to allow Cameco’s Kintyre and Yeelirrie projects, Vimy Resources Mulga Rock project and Toro Energy’s Wiluna project to proceed – every new mine built in Western Australia brings with it economic growth, new opportunities for small and medium sized businesses throughout the supply chain and more jobs for WA workers.

 

“CCI and the WA business community look forward to working with the McGowan Government to identify new opportunities for economic growth and diversification, both within the resources sector and across all WA industries.”
 

Media contact: Kate Hodges – 0448 928 227