Australia is one of the world’s largest suppliers of uranium along with Kazakhstan and Canada. Although uranium is a common element in the Earth’s crust – it is typically 40 times more abundant than silver – there are only limited places in the world where its concentration makes it economically viable to mine. Australia is believed to have the world’s largest deposits of uranium.
Australia currently operates three uranium mines: Olympic Dam and Beverly in South Australia and Ranger in the Northern Territory. There are several other notable deposits and potential mining sites scattered across the country.
In 2010 Australia produced nearly 7000 tonnes of U3O8 which was down significantly on previous years, with exports falling to A$700M in the year compared to over A$1B in previous years.
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