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Cameco Corporation Message Board

  • stocksmeter stocksmeter Apr 7, 2007 2:48 AM Flag

    Three Mines Reversal Beneficiaries

    Australian Labor Party (ALP) "three mines" policy reversal expected April 2007

    The Australian Labor Party national conference will be held in April 2007. The conference sets policy for all levels of the Labor Party (Federal, State and Local) and overturn of the "three mines" uranium policy is widely anticipated. The immediate impact of this should be to benefit companies with uranium projects (particularly advanced stage projects) in Queensland and South Australia where the state Labor governments have expressed support for a revised policy. The NT is already open to establishing new uranium mines. The current state government of Western Australia indicates it does not intend to abide by ALP policy changes relating to uranium -- the market, however, expects this will be a difficult position to maintain mid-term.

    Advanced Australian projects likely to benefit when policy changes.

    -------------------------------------------------------

    Queensland
    -------------------------------------------------------
    Summit Resources/
    Valhalla Paladin Resources
    Westmoreland Laramide Resources
    Ben Lomond Mega Uranium

    Western Australia
    -------------------------------------------------------
    Yeelirrie BHP Billiton
    Kintyre Rio Tinto
    Lake Way and Centipede Nova Energy
    Lake Maitland Mega Uranium
    Man yingee Paladin Resources
    Oobagooma Paladin Resources
    Mulga Rocks Private
    =======================================================

    http://www.marketwire.com/mw/release_html_b1?release_id=232237

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