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Will Queensland Mine Uranium?

By jennifer
September 15, 2005

I missed the following in The Australian this morning,

CANADIAN miner Maple Minerals is to take control of one of Queensland's richest uranium deposits in a gamble that the Beattie Government will bow to pressure to reverse Labor's ban on new mines.

Maple acquired Ben Lomond mine, near Charters Towers, from French multinational Cogema earlier this year for a bargain $1 million, before Canberra's decision last month to take over the Northern Territory's administration of uranium mining.

The company is waiting for Queensland Natural Resources and Mining Minister Henry Palaszczuk to give final approval for the deal and is expecting an answer in coming weeks.

Good Causes

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