MTA-AUS 2014

CONEXPO-CON/AGG VIP SHOW GUIDE contains Floor Plans and a complete listing of companies exhibiting at the ConExpo-Con/Agg 2014 trade show in Las Vegas March 3-7, 2014. It also contains 2014 forecasts for the Aggregate, Concrete and Cement industries

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16 MINING & TECHNOLOGY AUSTRALIA 2014 | ISSUE 8 In addition, the federal regulator ARPANSA hosts a National Dose Register with over 31,000 registered workers in the database stating the "Data available to ARPANSA at this point in time do not indicate any negative trends". ARPANSA also tracks radiation incidents across all industries and there have been none in mining since at least 2008. Australians also expect industries to have sound environmental practices. In South Australia's uranium industry, all incidents are publically reported and available on line. In the Northern Territory, the Ranger mine has its own independent supervisor whose 2012/13 Annual report concludes "During the year there were no reported incidents that resulted in any environmental impact to the surrounding environment" and that "the environment has remained protected through the period." Previous annual reports contain similar statements. And fnally, the transportation record of the industry is excellent. Uranium transportation has operated seamlessly for over three decades now. There have been no incidents afecting public health involving a spillage of uranium oxide during transport in Australia in the export of over 11,000 containers! The good and improving record has resulted in substantial political and social progress for the uranium industry in Australia. Today, there is broad bipartisan political support at the federal level. While the Labor party has for several decades opposed the industry, in ofce between 2007 and 2013, it approved four new mines and reversed its decision regarding engagement with India on a bilateral agreement for uranium supply. Around the states, Western Australia and Queensland reversed long bans on uranium mining while NSW has removed the ban on uranium exploration. All states bar Victoria now allow uranium exploration and all bar Victoria and NSW accept uranium mining. Recent polling in South Australia showed 55% supported uranium mining compared to only 25.5% opposed. These are net approval ratings politicians dream about. And in line with nuclear energy's increasing acceptance, 62.9% believed nuclear power to be either an important contributor or an alternative to be considered in the debate about climate change. Australia has become and is becoming a more atractive investment destination for uranium exploration and mine development, and a more atractive long term contract customer for nuclear utilities abroad seeking stable and reliable uranium supply. The new federal government led by Prime Minister Abbot, elected in September 2013, is looking to streamline the administration of the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act), in order to make project approvals more efcient without compromising high environmental standards. The government's proposed "One-stop-shop" for environmental approvals will create a single environmental assessment and approval process for nationally protected maters. This will lead to swifter decisions and improve Australia's investment climate for mining in general, including uranium projects. Progress in recent years in terms of industry performance, social and political acceptance, and the coming regulatory adjustments to project approval processes, position Australia's uranium industry well for the future. Indeed, it is the state of the current depressed market, rather than historical controversies, which the industry must work through to reap the opportunities ahead. The post Fukushima period has seen Japanese reactors stay of line for longer than expected, and China adjust its nuclear reactor construction profle. However, both of these factors appear now to be moderating. Japan has reorganised its regulatory regime and has 19 reactors applications before the new regulator awaiting approval to restart. Two reactors at Sendai have just been given draft approval. The Japanese government has reafrmed its commitment to nuclear energy labelling it "an important base-load electricity source", and expectations are some reactors will be on line before the years end. China's construction is now back in full swing with 20 reactors operating and a further 28 under construction. Forecasts suggest China will have 58 GWe of nuclear capacity by 2020, up from 17 GWe currently, and on route to 150-200 GWe by 2030. All this bodes well for Australia's future uranium mines which over the next decade should see new operations coming on from Western Australia initially, and then Queensland, to add to the current production coming out of South Australia and the Northern Territory. NSW will likely follow thereafter. There is no question it is tough right now, but Australia's uranium industry is positioning well for the growth ahead. Daniel Zavattiero is Executive Director of Uranium for the Minerals Council of Australia, responsible for managing uranium specific issues following the in- tegration of the Australian Uranium Association into the Minerals Council of Australia. Daniel has over 20 years management experience in the resource sector, spanning multiple commod- ities including iron ore, base metals and uranium in Australia, Singapore and the Netherlands. He has a Bachelor of Economics with Honours from Monash University. UPFRONT

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