In a recent commentary, Simon Corrigan, founder of Corporate Affairs Australia, expressed the need for the Western Australian government to actively promote its uranium sector. He highlighted that while Premier Roger Cook has successfully advocated for liquefied natural gas (LNG) and carbon capture initiatives in Asia, the potential of WA’s uranium resources remains untapped. Corrigan argues that with the right support, WA could establish itself as a crucial player in the global uranium market.
The Premier’s focus on LNG aligns with WA’s goal to assist trading partners in reducing carbon emissions while simultaneously creating jobs. However, Corrigan emphasized that uranium should not be sidelined in this dialogue. He clarified that his views are independent and based on his extensive experience in the resource sector, noting that his consulting business has no uranium clients.
Uranium, which is subject to stringent international safeguards and regulations from the International Atomic Energy Agency (IAEA), can be exported for energy purposes. Corrigan remarked that WA would adhere to the same standards as other Australian states, where uranium mining is operational. He urged that the ongoing debates surrounding nuclear energy should not distract from the potential benefits of developing the uranium sector in WA.
Many countries lack the natural resources available in WA and face significant energy challenges. Nations such as France, which relies on nuclear power for approximately 67 percent of its electricity, demonstrate the potential of nuclear energy to support economic growth and sustainability. Other prominent nuclear users include Belgium, Sweden, and South Korea. Notably, even the United States derives around 20 percent of its energy from nuclear sources.
In light of this global context, Corrigan criticized WA’s ban on uranium mining, reinstated after the 2017 election. He described this restriction as a considerable setback for the state’s mining sector and an opportunity lost to diversify its economic landscape. WA is recognized as a world-class mining destination, but increasing competition and volatility in commodity markets highlight the importance of exploring all available resources.
The potential for a uranium sector in WA could generate up to 9,000 jobs and provide $1 billion annually in economic value, as estimated by the Chamber of Commerce and Industry of WA. Corrigan believes that with a robust regulatory framework and a skilled workforce, the state could manage uranium mining safely and sustainably.
Reflecting on his past experience as Head of Corporate Affairs at BHP’s Olympic Dam, Corrigan witnessed the positive impacts of a thriving uranium project on local communities and businesses. He expressed hope that similar outcomes could be achieved in WA.
Recently, Premier Cook hinted at the possibility of revisiting uranium mining in public statements. For those advocating for the sector’s revival, even a minor concession from the Premier signals progress. Corrigan noted that a policy shift from the government could allow for the establishment of a uranium sector by the end of the decade without the need for legislative change.
He urged that the same rationale used to promote LNG as part of a global emissions reduction strategy should apply to uranium exports. By embracing its uranium resources, WA could enhance its position as a resource powerhouse while contributing to international energy needs. The call to action is clear: unlocking the potential of WA’s uranium sector could yield significant benefits for the state and the world.
