Uranium - Yellow Cake

Australia holds the key to a large percentage of the global resources. The Olympic Dam deposit in South Australia (which BHP acquired when it took over Western Mining) is the world’s largest known uranium deposit, containing more than 30% of the world’s known uranium reserves. There are only two other operating mines in Australia – the Ranger mine in the Northern Territory (will be exhausted in 2008), and the Beverley mine in South Australia. There is a fourth mine approved for construction in South Australia.

Most of the listed 'Uranium' stocks have deposits or exploration licences in states where Uranium mining is banned. They have the potential of rallying on the possibility that the Federal and State governments will both authorise uranium mining.

Other countries that have Uranium deposits include; Canada, Zambia, Mozambique, Tanzania, Namibia, Botswana, and Spain (last active mine closed in 2000).

Following is a list of listed companies that have uranium interests, either; in production (in Australia or overseas), have existing deposits, in exploration or just pure dreaming!

• Acclaim Exploration (AEX), Adelaide Resources Limited (ADN), Alliance Resources (AGS), Arafura Resources (ARU), Apex Minerals (AXM), Ashburton Minerals (ATN),
• Bannerman Resources (BMN), Berkely Resources (BKY), Batavia Mining (BTV), BHP Billiton (BHP),
• Cazaly Resources (CAZ), Curnamona Energy (CUY),
• Energy Metals (EME), Energy Resources of Australia (ERA) N.B.; Is producing but has contracted to sell at around US$17 a pound for the next two years. Equinox Minerals (EQN), Extract Resources (EXT)
• Gold Search (GSE), Golden Cross Resources (GCR) Golden West Resources (GWR), Golden State REsources (GDN), Glengarry Resources (GGY), Globe Uranium (GBE), Giralia Resources (GIR), Green Rock Energy (GRK)
• Havilah Resources (HAV), Image Resources (IMA), Intermet Resources (currently in IPO) Jindalee Resources, (JRL)
• Korab Resources (KOB)
• Maximus Resources (MXR), Mindax (MDX), Minotaur Exploration (MEP), Monaro Mining (MRO), Monax Mining (MOX), Mount Burgess (MTB),
• Paladin Resources (PDN), Pepinnini Minerals (PNN), Polaris Metals (POL)
• Red Metal (RDM), Rio Tinto (RIO),
• Southern Gold (SAU), Stellar Resources (SRZ), Summit Resources (SMM), Uranex (UNX), Uranium Exploration Australia (UXA)