Paladin Energy aims to crack uranium big league with Canadian takeover
Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project.
Australia’s drilling industry is in the doldrums following a large-scale exodus of companies to Africa in pursuit of surveying projects.
According to boutique drill producer XDR in Australian Mining, local drillers are heading to Africa in response to the introduction of policies by the Gillard government that had effectively ‘killed’ local mining.
“We’re looking at moving into Africa. Most of our inquires come from over there now,” company officials said.
“People are still drilling, but it’s in Africa, not here. We’ll be getting a distributor over there soon”
XDR’s remarks come hot on the heels of Deloitte Access Economics’s forecast that Australia’s mining boom would only last for another two years.
2 Comments
1 month loan
Well this things should be stopped , what is benefit out of it when some other country take the benefit and country men starve.
Ed Walsh333
This is an interesting article because it points to the concerns of this government of Australia where they will go to any means to tax miners. Mybe this is a good lash-back where they will ultimately have to pull back on their socialistic policies. Already they are reeling from shortage of labor and forced to bring in foreign workers to keep their industries alive. When do these countries learn that tax kills business incentive?