Uranium Mining In Australia Essay

Introduction:

Uranium has been mined in Australia since 1954 (NWA, 2014). Otherwise Australia is home to around 40% of the world's uranium holds and right now supplies around 20% of the global market (Australian conservation federation, 2015.). However, mining of uranium has some economic benefits and creates job opportunities for a lot of people but its effects on health and environment is more affecting than few benefits. Despite the fact that uranium mining aides in expanding fare and enhancing the economy of a nation, the risky impacts as far as wellbeing and environment of uranium mining are exceptionally harming and uranium mining ought to be banned. Australia is one of the best examples for uranium mining though its position is on the top.

Counter argument:

Uranium mining is beneficial for Australian economy. Recently Australia is operating 3 mines

‘’The Australian association demand that Australian has enough saves to be to uranium what Saudi Arabia is to oil.’’ The examination proved wrong in 2011 while it figures that Saudi oil produces 466 times more income than Australian uranium. Export revenue could quadruple and uranium would fall outside of the top 20 list of exporting product comparing with number 1 and 2 iron ore and concentrates 62.7% and coal 47.9% whereas uranium is only 0.6%. Uranium every annum income would add up to around $10 billion and thus would fall short of Iron ore revenue by a factor of 6.5%. Otherwise, in the decade of nuclear power ‘renaissance’ and it didn’t increase at all.(The Economist, 2012). Perhaps, only 1 uranium mine has been begun operation in the past decade named Honeymoon in South Australia. Before long after first reaction from the little Honeymoon deposit, “project partner Mitsui (49%) announced its decision to withdraw as it couldn’t foresee sufficient economic return from the project”. Overall it’s not so beneficial for Australian