Paladin to open Queensland Uranium mine in 2013

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Fascinating interview with John Borshoff CEO Paladin and Rober Gottliebsen et al.

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Snippet

SB: John, in Australia with the change in the federal Labor position on new mines how long will it be before you actually have an operating project here?

JB: We’re aiming for about 2012, 2013, let’s say, late 2013.

SB: Which one will it be?

JB: I think it’ll be a Queensland operation.

SB: Queensland’s the one government which hasn’t given a tick yet, yet are you going to be able to change their minds?

JB: I think the world is changing everybody’s mind. There’s a sort of an inevitability that anybody is starting to realise is difficult to oppose. When you see how Europe has completely bent over and Germany about to do the same, when you see the chaotic state of the Australian uranium policy that existed four years ago and now there’s cohesion in all uranium states and Canberra and the Lone Ranger in Queensland and I think the pressure will become supreme. So, I think 18 months or so, within our schedule, things will be happening there. You you can’t be selling coal and saying your fuel mix is decided by some sort of ideology that was borne in the ‘70s.

SB: In a broad sense, if you did get a tick in Queensland, how big could that project be?

JB: Oh look, between 5 million pounds to 6 million pounds a year we’re aiming for. We want a resource base there that’s in the sort of 150 million to 200 million pounds. I think the region is capable of that and thought it’d be a substantial cornerstone project with the Ranger, Olympic Dam and Mount Isa and with long life.

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