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Aura Energy Ltd on Monday noted that the Swedish government has rejected a motion to lift its ban on uranium mining in Sweden. The London-based minerals company that holds projects in Mauritania and Sweden said it understands that the rejection of the motion does not represent ‘any change of policy or direction by the government, which has repeated its support to lift the ban on uranium mining’. In November last year, Sweden’s centre-right coalition government put forward a motion to change the Environmental Code & Minerals Act to its original wording, instituted before the ban on uranium mining, in order to permit the process. Uranium exploration, mining and processing was banned in the nation in 2018. The company said individual members of parliament can submit motions which are routinely rejected on ‘procedural points of order’, even if they align with government policy. On the same day the motion was rejected, March 21, Sweden’s minister of energy & enterprise, Ebba Busch, said: ‘We intend to expand the nuclear power element in Sweden so that we can meet the expected doubling of electricity demand in the coming years, and then we need to get uranium from somewhere.’ ‘We are slowly but surely changing this policy. It is not done overnight. But in view of this, we in the four cooperation parties have had the basic position that we have had on uranium mining in Sweden when this has previously been voted on.’ Aura said it supports the policy for the Swedish government to carry out an ‘orderly and considered review of uranium mining’. Aura shares rose 11% to 13.88 pence each in London on Monday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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