(Bloomberg) -- Australian uranium exploration
spending jumped more than 70 percent in the year ended March 31
to a 25-year high, driven by rising demand and a jump in prices
for the fuel for nuclear power generation.
Expenditure on uranium exploration rose to A$77 million ($66
million), with more than 200 companies looking for the
radioactive metal in 2006, up from 34 in 2005, Federal Industry
Minister Ian Macfarlane said today in an e-mailed statement,
citing figures from the Australian Bureau of Statistics.
Read more at Bloomberg Energy News
spending jumped more than 70 percent in the year ended March 31
to a 25-year high, driven by rising demand and a jump in prices
for the fuel for nuclear power generation.
Expenditure on uranium exploration rose to A$77 million ($66
million), with more than 200 companies looking for the
radioactive metal in 2006, up from 34 in 2005, Federal Industry
Minister Ian Macfarlane said today in an e-mailed statement,
citing figures from the Australian Bureau of Statistics.
Read more at Bloomberg Energy News
No comments:
Post a Comment