March 30, 2006 at 07:08 AM EST
Australian Resources Minister Backs Changes to Policy on Uranium Mining
The Australian Labor Party should change its policy, at a national level, to allow development of an expanded uranium mining and supply industry in Australia, SA Minister for Mineral Resources Development, Mr Paul Holloway, said today.

Mr Holloway told the 2006 Uranium Conference in Adelaide that the current policy of preventing the development of new uranium mines was outdated and should be changed.

"The ALP's uranium policy is certainly an anachronism," Mr Holloway said.

"The current policy has done well for South Australia in assisting the development of Olympic Dam and Beverley mines.

"But now is the time for a change in policy to allow South Australia's competitive advantage in uranium to come to the fore.

"I certainly greatly look forward to a time of increased exploration and expanded development in this State.

"There has been speculation of a change in ALP's national uranium policy and I am very pleased that (Shadow Resources Minister) Martin Ferguson has been showing leadership on this issue," he said.

Mr Holloway was welcoming 180 delegates to the two-day 2006 Uranium Conference.

David Heath
Ministerial Media Adviser
Mob: 0422 004 439


Peter Gill
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Source: ACN http://www.asiacorpnet.com

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