SYDNEY -- Canadian uranium mining giant Cameco Corporation has won approval for a big new mine known as Yeelirrie in Western Australia, bringing to four the number of projects in the Australian state that are ready to swing into production if world uranium prices continue to improve from a 12-year low reached in November 2016.
Australia is the world's third largest uranium producer, behind Kazakhstan and Canada. It has no nuclear power industry of its own and exports its entire uranium output, primarily to nuclear power station operators in Japan, China, South Korea, Taiwan, Europe and the U.S.
