bad news, page-6

This news definately throws a spanner in the works for Summit.

The thing I find concerning is that the rhetoric from Beattie seems to have moved beyond mere appeasement of the unions and anti-nuclear club. It seems to be firmly established now that Rudd is not going to change the policy to create new mines, but rather make a policy decision on whether or not Labour states are allowed to export the material.

My impression is that as far as Uranium and Labour are concerned, its going to come down to the states. Rudd will most likely allow the exportation of the material, but leave a decision on actually mining to the States. There isnt really anyway he can force them to allow it, and even if he could he obviously wouldnt as it creates more harm for him than good.

This is the problem for Summit because Beattie is not "pro-Uranium" as some suggest. He is merely looking for a political out by Rudd saying its now a "formal policy" of Labour to do mining, and that a decision by Beattie to allow U-mining is simply "following the partly line" like a good team player.

Rudd has stated he is going to leave the decision to mine Uranium upto the States, and Beattie has said if the decision is left up to him, he won't be changing the current "no new mines" policy in his state. I'm a big supporter of SMM, but hopes and dreams aside this now places some serious doubt on Summit shoulders.