Anthony Albanese has ended a decades-old dispute over uranium mining in the NT by ending the mineral lease on Jabiluka and pledging to add the mine site to the Kakadu National Park.
Already a subscriber?Anthony Albanese has brought to an end a decades-old dispute over uranium mining in the Northern Territoryjust as world demand pushes prices for the mineral to near 16-year highs.
ERA’s tenure at Jabiluka, located just north of Kakadu National Park, will now end on August 11; two weeks before the NT election and as federal Opposition Leader Peter Dutton vows to build a domestic nuclear power industry. Daily market prices for uranium were below $US30 a pound in 2018, but rallied to more than $US100 a pound this year as a decade of under-investment in new mines combined with growth in the nuclear power sector to create a shortage of uranium.
Mr Albanese will dedicate the gesture to his outgoing Indigenous Affairs Minister Linda Burney, who resigned on Thursday and who, along with Mr Albanese and Environment Minister Tanya Plibersek, have discussed the matter with the Mirarr people.
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