its all systems go for anyone wanting to mine uranium in WA.
Mega Uranium approval eases bankersFont Size: Decrease Increase Print Page: Print CITY BEAT: Michael Bennet | October 21, 2009 Article from: The Australian THE West Australian Liberal government's approval today of the first mining lease for a uranium project since taking office to Canada's Mega Uranium will put investment banks UBS and Macquarie at ease.
Mega yesterday announced UBS and Macquarie Capital Markets are among a swag of banks underwriting its $C50 million ($51.7m) capital raising to fund the completion of feasibility studies at its now-approved Lake Maitland uranium project in WA.
Mega said today it is on schedule to commence uranium production in early 2012, with BHP Billiton is closest rival to be the first to mine uranium in WA, tipping to its Yeelirrie project to produce in 2014.
The former Carpenter Labor government had banned uranium mining in WA.
