WORLD DESPERATE FOR QUEENSLAND RESOURCES, LNP GOVERNMENT STILL SAYS NO!

March 17, 2026

 

The LNP Government in Queensland is blindly holding sticking to their long-held woke position alongside Labor that Queensland’s rich uranium resources should be locked away underground, at a time when Europe is turning back to nuclear, The Leader of the Katter’s Australian Party (KAP) and state Member for Traeger Robbie Katter has said.

The President of the European Commission has recently said Europe turning their back on nuclear power was a “strategic mistake for Europe”, triggering reports of the Bank of America forecasting the potential for uranium spot prices to reach US$135/lb by the end of the year, nearing record high prices.

As the EU aims to kickstart nuclear generation with a €200 million guarantee for Small Modular Reactors (SMRs), and the world’s booming AI industry seeks reliable baseload power from SMRs, already tight supply streams are rapidly being stretched.  Global demand is expected to at least double between now and 2040.

“Are we going to sit on our collective hands and watch yet another opportunity go by?  At current prices alone, we’re talking about an industry worth tens of billions of dollars,” the KAP leader asked.

“If you ask the Queensland minister for resources, like I did, it seems so!

“The Government is seriously walking down the street and walking past piles and pile of cash without thinking ‘How can we grab some of this for Queensland taxpayers?’” he said.

In a Question on Notice to the Resources Minister, Mr Katter asked if the LNP will lift Labor’s ban on Uranium Mining in Queensland, to which the Minister replied, “Uranium mining does not form part of the Queensland Government’s plan for the resources sector”.

“This flies in the face of the government’s Canberra colleagues, who are publicly saying that nuclear needs to be part of Australia’s energy mix – finally getting on board with the 31 countries who have 416 reactors, reliably providing 10% of the world’s energy needs,” the member for Traeger said.

“That’s not to mention the 75 reactors under construction across the world and 120 further reactors in planning – most of them on our doorstep in Asia,” he said.

The Valhalla deposit, 40 kilometres from Mount Isa alone has 25,000 tonnes of uranium identified, with at least six other known deposits with smaller resources.

“We have some serious reserves in North West Queensland, and that’s only what we know of – why would anyone drill and explore for more if you can’t mine it?” The member for Traeger said.

“Mount Isa and the North West Minerals Provence have the know-how, and for a limited time only, the workforce who want to do what we do best – mine for all Queenslanders and realise our abundant resources.

“You really have to ask, is Queensland really open for business, or is it only businesses who the woke party minders approve of?  How can we possibly be a state of business opportunity if we continue to force a multi-billion dollar industry to sit dormant?

 

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