M. KATHLEEN URANIUM
Contract Ends This Year (N.Z. Press Assn.—Copyright) MELBOURNE, March 28. Mary Kathleen Uranium, Ltd., had carefully examined the possibility of using its installations for several alternative activities but it had eliminated them all except for the treatment Of copper ore, Mr Blake Felly, the chairman, said at the annual meeting of this uranium producer in Melbourne today. Mr Felly said it was most unlikely that the company would be able to sell further commercial quantities of uranium concentrates for some years after the existing contract was completed in September of this year. Mr Pelly said he thought nuclear power would become competitive in the 1970’5. It would be appreciated that prospects for making sales of uranium oxide during the next six or seven years therefore were not encouraging and it would unfortunately not be long before the Australian uranium industry would virtually cease to operate.
Mr Felly said that increasing demand for uranium would not result in increased mining activity until the present big World stockpiles were depleted.
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Press, Volume CII, Issue 30093, 29 March 1963, Page 14
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171M. KATHLEEN URANIUM Press, Volume CII, Issue 30093, 29 March 1963, Page 14
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