Uranium price keeps Angela Pamela plans on hold

Ruby Jones
ABC News Online

The company responsible for the proposed Angela Pamela uranium mine in Central Australia says it still sees the site as one of its key projects.

The uranium deposit 20 kilometres from Alice Springs has been earmarked for a mine but no work has been done there for two years.

Earlier this year, the Northern Territory government extended mining company Paladin's exploration licence.

Paladin chief executive John Borshoff says the the lack of activity at the site does not mean the company has abandoned its plans.

"We regard Alice Springs as a key project for ... the future," he said.

Mr Borhoff says progress on the project has slowed because of the low price of uranium.

"The uranium price is still depressed, although we are confident about what will happen in the future now the Fukushima issue is fully behind everybody and nuclear (power) is in clear air," he said.

Meanwhile, output from the Ranger uranium mine at Jabiru almost doubled during the September quarter.

Energy Resources of Australia (ERA) says production of uranium oxide was up by 96 per cent.

More articles in this section ...