10 Minerals Council of Australia Section 6 discusses Australias role as a responsible supplier of uranium in global markets The scope for trade is high most countries with substantial nuclear power programs do not have large uranium resources At the same time Australia is one of the more politically stable countries with large uranium resources P olitical stability and a strong democratic tradition should ensure good policy In Australia however political stability has not extended to uranium policy consistency due to the countrys historically volatile attitude towards uranium This section compares the mining environment within Australia to that in other uranium producing countries in particular to Canada While Australia does perform well generally the mining policy environment retains signifcant scope for improvement with substantial national beneft T o realise its potential market share Australia needs to become known as a high quality reliable producer with a stable effcient sciencebased regulatory environment While reform will not guarantee the commercial viability of the uranium sector it will ensure that commercial viability is determined by commercial considerations as opposed to political or regulatory distortions T o r ealise its potential market shar e Australia needs to become known as a high quality r eliable pr oducer with a stable effcient sciencebased r egulatory envir onment