Australian Sharemarket Listed Companies

There are three uranium mines currently operating in Australia - the Ranger mine in the Northern Territory and the Olympic Dam and Beverley mines in South Australia. Current regulatory arrangements applying to these uranium mines are stringent, complex, and vary between and within jurisdictions. Notwithstanding this, the Australian regulatory framework for the uranium industry is widely recognised as being effective and representing world’s best practice.

Enhancing the efficiency and effectiveness of current regulatory arrangements at all levels of government, and fostering continued industry best practice, will ensure that Australia’s global reputation as a safe, reliable, socially and environmentally responsible supplier of uranium is maintained. Ensuring a highly effective, efficient and world-class regulatory regime provides the community with assurance that all potential risks associated with uranium mining are being effectively controlled and mitigated, and over time, should maintain community confidence in the regulatory system.

Continued regulatory certainty and low sovereign risk are both important prerequisites for attracting the investment required for the expansion of the Australian uranium industry. Maintaining and where necessary enhancing, the effectiveness and efficacy of regulatory arrangements will also assist in achieving this goal.