A multi-agency state panel studying the possibility of uranium mining in Virginia will conduct its final public meeting Tuesday before submitting its report to legislators in December.
Highlights from market news:
– Meeting is scheduled to review statutory and regulatory changes that would be needed if a 30-year old ban on uranium mining is ended
– Virginia Uranium Inc. is lobbying to have the ban lifted so it can mine the largest known deposit of the radioactive ore in the U.S. and one of the largest in the world. It estimates its value at $7 billion
– Critics argue that full-blown uranium mining has never occurred east of the Mississippi and that Virginia’s wet, storm-prone climate would be a threat to huge containment units that would store radioactive-laced rock for generations