And the vast majority of that comes from Olympic Dam as a bi...

And the vast majority of that comes from Olympic Dam as a bi product from mining copper.

Regulation within Australia

In Australia, uranium is subject to a myriad of state-based policy and legislation. Mining is currently allowed in the Northern Territory and South Australia. There is a policy ban on new mines in Western Australia. The current government allowed the four projects approved for future production during the previous government’s term to proceed, and one reached substantial commencement. Only exploration is allowed in Queensland and New South Wales. No uranium exploration or mining is permitted in Victoria.

Due to its constitutional status, the Northern Territory is required to give effect to the advice of the Commonwealth Government before approving mines. Additional laws are in place to manage radiation protection.

Uranium mining is a prescribed nuclear action under the EPBC Act. Before any uranium mine can be developed in Australia, it must be assessed and approved by the federal and state or territory governments. A typical assessment and approval process takes at least three years from referral to ministerial approval.

All mining activity, including uranium mining, has an environmental impact which is moderated through environment assessment and approval processes, mining conditions and performance monitoring and reporting. The environmental performance of the uranium industry is scrutinised comprehensively with detailed reporting requirements.