Australia can leverage its “doorstep” position with Asia to drive uranium exports – Toro Energy executive

“…We need to secure a strong market presence – particularly while the lower Australian dollar gives Australia an increased competitiveness to lock in now, long-term offtake and project financing commitments..

“…All current forecasts clearly point to a 20% increase in operable nuclear reactors worldwide by 2025 – just ten years away – with 85% of that reactor growth coming from China and India….

“….By that 2025 timeline, the emerging economies will account for 62% of operable reactors around the globe…

“In real terms, this will see China go from 32 to 97 reactors by 2025; India from 23 to 34; other Asian countries from 71 to 85 with only a marginal increase in Eastern Europe and a fall in reactor numbers in Western Europe….

“….Add in just another five years to the equation, and by 2030, there will be an overall 36% increase in operable reactor numbers globally compared to current numbers.  Those reactors will need Australian uranium…..”

Toro Energy Managing Director Dr Vanessa Guthrie (0401 991 003)