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Tuesday, 26 August 1980
Page: 763

Mr Uren asked the Minister for Trade and Resources, upon notice, on 28 February 1980:

(1)   Did the Australian Atomic Energy Commission (AAEC) in its Annual Report for 1978-79 (page 24) estimate western world annual demand for uranium in 1985 at 44,000 tonnes compared with the previous year's estimate of 54,000 tonnes; if so, has the AAEC reviewed its 1 978 estimate (AAEC Annual Report for 1977-78, page 27) that Australia could contract to supply up to 10,000 tonnes of uranium per year by 1985.

(2)   If the estimate has been reviewed, what is the current estimate for Australian uranium sales in 1 985.

(3)   Are other estimates of future Australian uranium sales available to the Government; if so, what are they.

Mr Anthony - The answer to the honourable member's question is as follows:

(1)   The Australian Atomic Energy Commission (AAEC) published the estimates referred to in its Annual Reports for 1977-78 and 1978-79. No subsequent figures have been published.

(2)   Australian uranium sales in 1985 will depend on the actual levels of production achieved and there is no reason to believe that any such production cannot be marketed successfully.

(3)   The various estimates available to the Government confirm that Australian uranium supplies are needed to satisfy market demand.

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