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Publicatie Laka-bibliotheek:
Uranium floor prices. Background Paper (1989)

AuteurFOE Australia
Datumnovember 1989
Classificatie 6.01.2.20/09 (URANIUM - WINNING/VOORRAAD/PRIJS)
Voorkant

Uit de publicatie:

INTRODUCTION

On 4th September '89, the Minister for Primary Industries and Energy, Mr John 
Kerin, announced that the historically 'frozen' Australian government floor-price 
for uranium exports of US $31/1b had been dropped to US $26/1b for re-negotiated 
contracts between Energy Resources of Australia (ERA) the Kansai Electric Power 
Company of Japan, and Swedish utility Oskarshamnverkets Kraftgrupp Aktiebolag 
(OKG).

What would normally have been regarded as a somewhat obscure technical 
readjustment, saw a storm of controversy, and it became clear that the antinuclear 
movement, which opposed the move, saw it as more than a technical readjustment, 
but rather as a tacit admission that the bonanza promised by the pro-uranium 
lobby has spectacularly failed to materialise.

This decision comes at a time when the ALP is engaged in an internal review of 
its uranium policy, and the antinuclear movement has argued forcefully that the 
revision of the floor-price constitutes a pre-emption of the deliberations of the 
ALP's uranium policy review committee.

The first warning that something was about to happen came with an article in 
the Australian of Saturday 29th July '89, by Glen Milne, according to which:
"The Federal Government is considering cutting the price of uranium in a move 
mining companies say could substantially increase Australia's world market share 
of yellowcake." [Aust, Sat, July 29 '89]

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