Try here:- http://www.uraniuminvestingnews.com/1953/australia’s-uranium-future.html
Also wondering where China is going to get their uranium from for the reactors they currently have under construction? Australia has 24% of the world's supply so could be a safe bet we would be the most likely source?
Hopes this helps.
Most liked posts in thread: Uranium in Australia
I doubt uranium has much of a future in Australia or in the rest of the world, thorium based reactors will dominate nuclear energy in the future, both India and china have thorium reactors in development.
Uranium is a dead duck IMO.
When using thorium in modified light water reactor (LWR) problems include: the undeveloped technology for fuel fabrication; in traditional, once-through LWR designs potential problems in recycling thorium due to highly radioactive 228Th; some weapons proliferation risk due to production of 233U; and the technical problems (not yet satisfactorily solved) in reprocessing. Much development work is still required before the thorium fuel cycle can be commercialized for use in LWR, and the effort required seems unlikely while (or where) abundant uranium is available. *Thanks Wikipedia*
Uranium will be with us for a while yet I am afraid. Uranium-235 has a half life of about 7000 million years.
There are over 300 hundred planned - which may or may not be thorium.
Australia is sitting on approx 23% of worlds uranium.
A 1000 MegaWatt reactor contains @ 200 tonnes of uranium & 'burns' approx 1kg a day, so they require refueling every couple of years. That's a lot of uranium over the next 20 years.
Uranium & uranium miners are set to soar over the few years. IMO
ill quote the wiki link http://en.wikipedia.org/wiki/Fuji_MSR
"The FUJI mini-molten salt reactor is a design project for a 100 MWe (megawatts of electrical output) molten-salt-fueled Thorium fuel cycle thermal breeder reactor, using technology similar to the Oak Ridge National Laboratory's Molten Salt Reactor Experiment. It is being developed by a consortium including members from Japan, the U.S. and Russia. As a breeder reactor, it converts Thorium into the nuclear fuel uranium-233. As a thermal-spectrum reactor, its neutron regulation is inherently safe. Like all molten salt reactors, its core is chemically inert and under low pressure, helping to prevent explosions and toxic releases."
The worst thing that comes out of a thorium reactor is U233 half life about 300 years, comes out in very small quantity's and easy to safely store....these reactors cant blow up and don't produce plutonium and its all proven technology.
The only reason they didn't continue developing the technology in the 60's and 70's was due to the fact that the thorium reactors didn't produce any plutonium, and they needed that for the weapons industry, so they went with the other type of reactor.