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Labor's Anti-Uranium policy a relic



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Senator Grant Tambling Shadow Minister for Community Services, External Territories and Northern Australia

Media Release LABOR'S ANTI-URANIUM POLICY A RELIC

The Federal Labor Government's three-mine uranium policy was a socialist relic that denied Australia its potential as a major uranium exporter, Northern Territory Senator Grant Tambling said today.

Senator Tambling challenged the Federal Government to drop its long-standing ban in line with a recent move by the socialist Saskatchewan Government in Canada.

"Like the Australian Labor Party, the New Democratic Party in Saskatchewan has historically opposed new uranium mines. However, unlike Labor, NDP has woken up to economic reality and given the green light to new mines and expanded exports."

Senator Tambling, who raised the issue in Senate Question Time today, said he was disappointed with the lacklustre response by the Leader of Government Business in the Senate, Senator John Button.

"Unfortunately, the Federal Government is content to let Australia lose an even greater share of the world uranium market to Canada as well as any future opportunities.

"I remind the Federal GovexjunouL Lheu Australia, with 30 per cent of the world's low-cost uranium reserves and only 10 per cent of the market, lags well behind Canada with 10 per cent of reserves and 30 per cent of the market.

"The good news is that Australia's uranium producers expect a window of opportunity in the world uranium market in the mid- 1990s. The bad news is that the Federal Labor Government will deny them that opportunity."

Senator Tambling said resource development was now more necessary than ever in light of Australia's unemployment crisis and recession-hit economy.

ENDS Contact* Senator Grant Tambling 06-2773436 Tis Zeroni 06-2773436

12.11.92 ,f-

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