Disadvantages Of Uranium In Australia

One of the heavy metal occurs naturally in earth as a form of rocks and can be found from the earth’s crust is called uranium. It is used as various sources of concentrated energy such as nuclear power, electricity and others. German scientist named Martin Klaproth discovered this important element in 1789(“What is uranium? How does it work?”, 2014).Today, Australia take a major part of the uranium industry and its reasonably assured resources of uranium is one of the world which is approximately 27% of total resources (Mckay & Miezitis, 2006). In recent time, mining of uranium caused many disadvantages for people in aspect of uses, economy and aboriginal culture. On the other hand, some people think that uranium consist some benefits. Although

It also have an environmental impact but less than any other energy resources used for electricity generation. From the current perspective, nuclear power supplies 11 % of the world's energy demand, however it will be going to increase due to the industrialisation, modern lifestyle and increasing of the population (“World energy”, 2014). Additionally, the cost of production of electricity from nuclear power plant is very much less than those conventional style coal fire plant. As coal facing carbon tax and fuel price are rising, Uranium looks promisingly attractive to fulfil the growing energy demand (“Energy for the World - Why Uranium”, 2012).Most countries produced nuclear power from electricity, which is cheap than others. And used for existing plants, and to extend the life of current plants. However, they seemed unwilling to invest new nuclear plant without any cost and market guarantees (Owen, 2011). Furthermore, uranium isotopes can be used for preservation of the food and pottery glazes (“What is uranium? How does it work?”, 2014).In conclusion, there is no doubt that uranium has many uses for

For instance, companies need more than $5 billion to build uranium mines (Australia’s uranium mines, 2015). In addition, according to Green and Sweeney (2013), the export of uranium was a small contributor to Australian revenue and employment. For example, between 2002 and 2011, uranium sales averaged $627 million per annum and accounted for only 0.29% of all national export revenue. Moreover, there are only 650 jobs across Australia in uranium mining and the companies have the responsibility to pay high wages for the workers (Green and Sweeney,2013).Therefore, exporting of uranium consist some economic benefit but the huge capital investment outweigh its