Adelaide, Mar 31, 2006 AEST (ABN Newswire) - Federal Shadow Resources Minister, Mr Martin Ferguson, made the following key points at the 2006 Uranium Conference in Adelaide today.

- "We will have the world's biggest uranium mine with the expansion of Olympic Dam and, as potentially the world's biggest uranium exporter, it's time for a debate on whether Labor should allow development of other mines.

- "I have clearly indicated today that, in my view it is time to rethink the policy and potentially change it. Kim Beazley has this week said it will be subject to debate. And importantly, in a very responsible leadership position, South Australian Premier, Mike Rann - because Olympic dam and other mining deposits are so important to the economic future of SA - said this week the policy has to change."

- "The major new element of Labor's safeguards would be, as a condition of our uranium exports, that governments join in a new diplomatic caucus of like minded countries - to be led by Australia and including both nuclear suppliers and nuclear users - to strengthen the international safeguards and non-proliferation regime.

- "I can see considerable merit in establishing and properly funding a post graduate nuclear technology school under the auspices of the Australian Institute of Nuclear Science and Engineering, a cooperative venture between ANSTO and all the Australian universities.

- "An annual intake of 10 to 12 science and engineering graduates from Australian universities would be a big step forward in building Australia's nuclear knowledge and skills base for the future - a skills base that is essential for Australia to properly engage with the UN, its allies and the region to make the world's nuclear industry ever safer."

Media contact:
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Ministerial Media Adviser
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Peter Gill
Senior Consultant
FIELD PUBLIC RELATIONS

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Fax: 08 8234 9566
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peter@fieldpr.com.au




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