AusRAIL, Market Sectors

Honeymoon clears final environmental hurdle

<p>Australia’s fourth uranium mine will begin production in early 2008 after final environmental approval was granted this week.</p> <p>Construction at Uranium One’s Honeymoon mine in South Australia was approved last month on the condition that it received clearance from the Environmental Protection Authority (EPA).</p> <p>The EPA approved licences for mining and milling at the site, west of Broken Hill, despite concerns about ground water contamination and extraction techniques.</p> <p>The decision was seen as the final hurdle for Honeymoon, which will produce about 400 tonnes of uranium each year making it Australia’s smallest behind Ranger, Beverly and BHP Billiton’s Olympic Dam mines.</p> <p>The uranium is expected to be trucked west before being hauled north on FreightLink’s Adelaide-Darwin rail line.</p> <p>Uranium One’s Honeymoon and Goulds Dam mines are estimated to have reserves of about 10m tonnes of uranium.</p> <br />