24 Minerals Council of Australia The Australian uranium sector is estimated to provide direct employment to 2000 individuals in 201314 In that year Australia provided some 10 per cent of the global market for uranium Using the simple employment multiplier estimated earlier and IEA scenarios the employment consequences for Australia under a number of growth assumptions can be estimated F or example it can be assumed that Australia simply maintains its 10 per cent share of global production Conversely Australia could grow its share of the world market through either price or nonprice competition to 30 per cent a number closer to Australias share of global reserves If the Low Nuclear Case was to pertain but Australia grew its share of the market to 30 per cent employment could grow from 2000 jobs in 2013 to nearly 4500 jobs in 2040 More likely however in the Current P olicies case employment could grow to between 6000 and 8000 jobs In the 450 Scenario as many as 13500 jobs could be sustained in uranium mining by 2040 Chart 3 shows the Australian employment outcomes in 2040 for various market shares if 140 tons of uranium per annum were necessary to fuel 1GW of electricity assuming a real price of 90 per kilogram while Chart 4 shows the equivalent information for 195 tons producing 1GW of electricity assuming a real price of 90 per kilogram ie more or less unchanged from current At 140TGW the direct employment in the Australian uranium industry would range between 1 493 jobs in the Low Nuclear Case with current market share and 10547 jobs 450 S cenario and 30 per cent market share in 2040 Given the current location of Australias uranium reserves many of these jobs will be created in rural and remote areas Many of these jobs could Chart 3 Employment estimates in 2040 at 140TG W Employment 12000 10000 8000 6000 4000 2000 0 Source Authors calculations 10 15 20 25 30 Low nuclear case Current policies New policies High nuclear case 450 scenario Australia