THE COMMONWEALTH HAS THE POWER TO OVERRIDE THE STATES AND GRANT ALL NECESSARY APPROVAL FOR A URANIUM MINE, WHERE:
1. Instances of States not acting in the "National Interest" occur.
2. Export Income and Contribution to Balance of Payments is significant (>$1 Bill) and is being blocked by the State.
3. Fed Govt is under obligation by way of Treaty, FTA or OTHER COMMITMENT to a foreign State or International Authority to allow the activity or Industry to proceed.
It was reported in the "Miningnews.net that the following statement was made:
"AUSTRALIAN Resources Minister Ian Macfarlane has revealed the Federal Government has sought legal advice on its options for overruling state government legislation banning uranium mining, as it attempts to finalise a uranium export deal with China within 12 months."
SMM Price at posting:
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