QLD to boost uranium, launch trade mission

Queensland Premier Campbell Newman has flagged developing the uranium industry and strengthening trade ties with Japan as key to future growth in the state's mining sector.

On a visit to Mt Isa Newman said close to 80 per cent of the state's $10 billion uranium deposits were located in north-west QLD, and a taskforce was currently examining how to boost the sector.

“The Uranium Implementation Committee has been hard at work over the past few months examining how the industry operates in the Northern Territory, South Australia and Western Australia, and what approval processes they use,” he said.

“Within the next few weeks, the committee plans to travel to Mount Isa to meet with industry, indigenous and local government representatives, before reporting back to the State Government in March with their recommendations.”

Newman said the uranium industry was already providing jobs and royalties in other parts of Australia, and Queenslanders needed to share the same benefits.

Newman also announced plans to visit Japan for four days next month, leading a group of QLD companies on a trade and investment mission.

He said Japan was QLD's largest trading parter, and the mission aimed to secure more business for the state's industries.

“In 2011-12 the state's merchandise exports to Japan were worth almost $11.8 billion,” he said.

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