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An update on the uranium industry: The current paradox and its resolution Michael Angwin Chief Executive Officer. Darwin Mining Club 12 June 2013. The current paradox. Supportive politics coexists with negative economics . The negative economics. Resource industry challenges

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An update on the uranium industry: The current paradox and its resolution Michael Angwin

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An update on the uranium industry the current paradox and its resolution michael angwin

An update on the uranium industry:

The current paradox and its resolution

Michael Angwin

Chief Executive Officer

Darwin Mining Club

12 June 2013


The current paradox

The current paradox

Supportive politics coexists with negative economics


The negative economics

The negative economics

  • Resource industry challenges

    • Relatively fast increases in Australian capital costs

    • Commodity rivals with competitive cost structures

    • Delays in approvals add costs

  • Uranium industry challenges

    • Uncertainty following Fukushima

    • Low spot prices

    • Access to capital


Supportive politics

Supportive politics

  • Long term political support in NT and SA

  • National bipartisanship since 2007

  • Newly supportive State policies

    • WA, Queensland, NSW

  • Exports to India


Australia s uranium policy in the national interest

Australia’s uranium policy In the national interest

  • Expansion of production

  • Exports to selected countries

  • A platform for building regional relationships


How will this paradox be resolved 1 short term

How will this paradox be resolved?(1) Short term

  • Demand will exceed supply later this decade

  • Uranium spot price: US$70/pound by 2018


How will this paradox be resolved 2 long term

How will this paradox be resolved(2) Long term

By growth in the nuclear power industry

of by 25% to 100% by 2030s


Nuclear outlook iea

Nuclear outlook: IEA


Nuclear outlook iaea

Nuclear outlook: IAEA


Nuclear power in 2035

Nuclear power in 2035


Realising opportunity raising competitiveness

Realising opportunity, raising competitiveness

Align domestic production and export policies

Treat uranium on merit


Fukushima unscear findings

Fukushima: UNSCEAR findings

UNSCEAR finds no health risks

attributable to Fukushima accident


An update on the uranium industry the current paradox and its resolution michael angwin

An update on the uranium industry:

The current paradox and its resolution

Michael Angwin

Chief Executive Officer

Darwin Mining Club

12 June 2013


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