Uranium Sale
TURNING THE FABLES’ CARTOON: Well, here’s my opportunity to become a millionaire! Uranium, I found it! Uranium, I’m rich, rich, rich!
TURNING THE FABLES’ CARTOON: Well, here’s my opportunity to become a millionaire! Uranium, I found it! Uranium, I’m rich, rich, rich!
While we’re not sure why a tortoise needs money,
this one could be onto a winner with uranium. In the real world it can
be worth up to 170-dollars a kilo. Making it a valuable thing to find,
but what is it?
Uranium is a natural resource that was discovered
back in the 1700s by a German chemist. Uranium is special because it’s
radioactive. It naturally gives off energy called radiation. When it’s
in the ground, the levels are so low they don’t affect us! But if
treated in the right way, uranium can be used to create huge amounts of
energy!
Some countries use uranium to produce electricity
in nuclear power plants like this. One tonne can produce as much
electricity as 16-thousand tonnes of Australia’s most common energy
source, coal! We don’t have any of these plants here in Australia. Our
government has chosen not to have any because of the radioactive waste
they produce and the risk of something going wrong. But while we don’t
have any nuclear power plants, we do have plenty of the uranium to run
them!
India has just over 1-point-2 billion people,
making it the second biggest country in the world and they have a lot of
nuclear power plants. They get their uranium from places like Canada
and they also have supplies of their own. But they’d like to buy more
uranium from somewhere like Australia! For
a long time, the Australian Government hasn’t allowed uranium to be
sold to India because they haven’t signed the agreement about nuclear
weapons. They won’t sign it because they have nuclear weapons and won’t
rule out that they’ll make more in the future. But now, the Government
is thinking about selling to them anyway.
India says that the uranium will only be used for
electricity not for nuclear weapons. But some people say that’s not
good enough. They say we should wait until India sign the agreement.
Some environmental groups are also against it because of the effect
uranium mining has on the land. And others say nuclear energy is
dangerous so we shouldn’t supply the uranium that fuels it.
Prime Minister Tony Abbott is expected to formally sign the deal next month when he visits India next. So if all goes to plan, the deal will mean more money for our local mining industry and more protests from those against it.
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