Mining Magazine October 2017 | Page 8

INTERVIEW
Aura Energy - Tiris Project Drill
THE MARKET FOR uranium crashed hard six years ago following the nuclear disaster at Fukushima , Japan . Since then , uranium miners and processors sold down and have mostly stayed down .
However , uranium is critical to running the world and , according to the World Nuclear Association ( WNA ), we are now seeing increased demand due to energy security concerns , uncertainty surrounding future access to carbon-based fuel and greenhouse gas constraints on carbon burning , which have combined to put nuclear power back on the agenda for projected new capacity in many countries . That demand is set to ramp from resourcehungry nuclear reactors across China , and with the construction of nearly 500 more either planned or
8 October 2017