Minister for Mineral Resources and Energy Tom Koutsantonis said today South Australia will be home to Australia’s next uranium mine.
The joint venture between Quasar Resources Pty Ltd and Alliance Craton Explorer Pty Ltd now has all the Commonwealth and State approvals required to begin work on the mine.
“The $110 million Four Mile project, the most significant uranium discovery anywhere in the world in the past quarter century, is ready to go,” Mr Koutsantonis said.
“Discovered with support of South Australia’s PACE initiative, this mine reinforces our State’s global reputation as a front runner in developing the nation’s uranium resources.
“The new mine means construction jobs in regional South Australia and the ongoing employment of Heathgate Resources’ 200-strong workforce at its existing operations.
“This cement’s South Australia’s position as Australia’s uranium capital. South Australia will soon have four of Australia’s five active uranium mines with Four Mile joining Olympic Dam, Beverley and Honeymoon.
“In 2012, the 4267 tonnes of uranium oxide produced by South Australia accounted for over half of the total national output.”
“South Australia’s mineral resources sector continues to grow with many of the discoveries ranging from copper and gold to iron ore and heavy mineral sands making the transition to mining projects.
“Our resources sector has grown from four mines in just over a decade ago to more than 20.
There are many more projects in the pipeline that will eventually join Four Mile on the list of operating mines.
”Jobs in our mines create many more jobs downstream and help to boost the State’s exports.”
Mr Koutsantonis' comments followed today’s approval by the Commonwealth’s Department of Sustainability, Environment, Water, Population and Communities of the joint venture’s monitoring, mine closure and community engagement plans for Four Mile.
The Commonwealth’s sign off comes less than a month after the State Government’s approval of a Program for Environment Protection and Rehabilitation (PEPR).
The finalising of the PEPR followed detailed and extensive consultation between the joint venturers, DMITRE and South
Australia’s Environment Protection Authority.