Australia has an estimated 46.0% of the world's low-cost uranium reserves but accounts for less than 15.0% of global uranium output. Government reluctance to allow new uranium mines has resulted in a large amount of Australia's uranium resources being left untouched. Over the five years through 2014-15, revenue in the Uranium Mining industry is forecast to decline at annual compound rate of 2.4% to reach $694.5 million. Declining production volumes, mostly due to the end of uranium ore extraction at the Ranger mine, has resulted in falling revenue within the industry. In 2014-15, industry revenue is forecast to grow by 24.8% on the back of production volume increases.
Firms in this industry mine uranium-bearing ore and extract uranium compounds from the ground using chemical leaching.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.