Nuclear power remains the least price sensitive of baseload fuels for global power generation and that should underpin investment in uranium mining in Australia to satisfy future global energy needs, according to uranium explorer and developer, Toro Energy. Addressing a Chinese investment forum in Adelaide today, Toro Energy’s Managing Director, Greg Hall, said price and security of supply would be the main driver of the future energy mix. If you double the cost of the basic fuel material used in various power generation techniques, nuclear power is the least price sensitive – and therefore delivers the best potential to absorb price increases while maintaining electricity prices, allowing solid returns on investment in long-term viable power. At the same time, Alliance Resources announced that the Australian Government has approved the Four Mile uranium mine.