34 Minerals Council of Australia The Australian uranium industry has great po tential 7 Conclusion At present the Australian uranium industry performs well below its potential given its world leading uranium resources The benefts to Australia have not been fully realised This deprives Australians of employment opportunities and revenue W orkers shareholders and taxpayers would all be better off if Australias uranium resources were more fully developed This paper suggests that the economic benefts of uranium will be realised if Australia grows its market share from about 10 per cent at present to at least 30 per cent This expansion will only be viable if access to highquality low cost resources can be guaranteed and if the transactions costs of supplying the market are minimised This implies regulatory streamlining infrastructure provision access to ports and stable government policy that is supportive of commercial decision making The federal and state governments should join with industry in promoting uranium as a responsible and viable energy source They should also join with industry in promoting Australia as a responsible and reliable uranium investment destination and supplier