"...The Australian Conservation Foundation, which had campaigned...

"...The Australian Conservation Foundation, which had campaigned for the ban, yesterday welcomed the move. ACF nuclear campaigner David Noonan said the ALP platform would end speculation South Australia would encourage new mines.

"The outcome is that uranium speculators in SA - and their investors - can now have zero confidence in any commercialisation till at least 2010, if ever.

"What this does is clearly show investors in uranium floats in this state have wasted their money," Mr Noonan said.

There was no chance new mines would now proceed, even though the policy did not affect the two existing mines.

Mr Noonan called on the South Australian Government to stop subsidising exploration for uranium, saying this policy - which gives some explorers a 50 per cent rebate on drilling costs - was a waste of public resources, in light of the ALP platform...."

Full article at:
http://www.theaustralian.news.com.au/common/story_page/0,5744,16877600%255E643,00.html