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Waking Australia's Nuclear Giant

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With 40% of the world's known uranium reserves, Australia should dominate the world's uranium market, according to an article in ResourceInvestor.com. But thanks to a host of restrictive mining policies, Australia has long played second fiddle to Canada in terms of uranium production - even though Canada has less than half Australia's reserves.

With 40% of the world's known uranium reserves, Australia should dominate the world's uranium market, according to an article in ResourceInvestor.com. But thanks to a host of restrictive mining policies, Australia has long played second fiddle to Canada in terms of uranium production - even though Canada has less than half Australia's reserves.

But with surging energy prices sparking interest in nuclear fuel, and a joint industry-government push for mining reform gaining ground, Australia could find itself dominating the world's uranium markets within a few years. And the 40-odd companies currently exploring the country for uranium could be major beneficiaries.

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