Minister Cripps presented the report to the Premier at a Cabinet meeting yesterday and told the press he wasn't going to put a time frame on the government's consideration of the recommendations.

The 40 recommendations included an approvals process for all uranium mining by the Coordinator-General, the export of uranium from existing ports in Darwin and Adelaide, programs to involve indigenous Australians in the industry and a royalties regime which could see up to five per cent of profits from uranium mining put back into the state once new mines are established.

Cr McGrady said the message from the committee's recommendations and the state government was clear - uranium mining will happen in Queensland.

"The committee has recommended that a protocol for the mining of uranium be completed through best practice and have picked the best of what happens in other states," he said.

"It's a good day for the resources sector and the North West."

The former Queensland Mines Minister said the recommendation to include uranium in the royalties for regions scheme was important.

"The bottom line is I make no apologies for royalty because it's the way they pay people back from the state for exploiting the resource, the people should be reimbursed," he said.

Cr McGrady said the decision to export uranium out of Darwin and Adelaide rather than Townsville was a logical considering both ports currently export uranium from their own state's thriving markets.

The North West is home to some of the richest deposits of uranium and the total estimated value of identified deposits in the state is $10 billion.

Paladin Energy Ltd has several large deposits in the state, including the Valhalla deposit located 40km north-west of Mount Isa.

A spokesperson from the company said they commended the actions of the government and welcomed the committee's report.

Paladin Energy doesn't know when they will be able to start mining under the government's new regulation, but their spokesperson said the implementation of the committees recommendations would pave the way for mining within that framework.

"It's excellent that we no longer have that obstacle," he said.

"We don't have a fixed view on when that may be (the start of mining)... but we are positioning ourselves to take advantage of that when the time comes."

Uranium Mining Implementation Committee chairman Paul Bell visited Mount Isa for meetings in early February to speak with the Mount Isa City Council, Indigenous groups, the department of environment and heritage protection and various mining companies with interests in uranium and other minerals.

The final recommendations were based on the committee's 33 submissions from stakeholders and their visits to Northern Territory, South Australia and Western Australia.

Minister Cripps described the report as a blueprint for the development of a best-practice uranium mining industry in Queensland.

"The Newman Government is committed to ensuring that when this industry re-commences in Queensland, it is governed by the world's best practice environmental and health and safety standards," he said.