South Australia is in a good position to increase its uranium exports to China, Premier Mike Rann has said.
Rann is currently heading a business delegation to China to meet with local mining bosses.
According to Rann, the biggest draw-card for South Australia is the fact that it has 50% of the world’s known uranium resources and major deposits of copper, gold, iron ore, zircon and other minerals.
“In addition to the giant Olympic Dam uranium resource, we have a range of new uranium mines being developed and proposed, plus 81 uranium exploration licences now issued in South Australia,” Rann said.
“Overturning the Australian Labor Party’s national no new mines uranium policy means the brakes are off and South Australia is way ahead of other states.
“China is the key to South Australia’s mining exports growth which will generate tens of thousands of jobs.”
SA expected to roll out more than $1.7 billion in extra mining production over the next 18 months.