South Dakota Mine Under Review To Reopen

CNBC reported a South Dakota uranium mine is under review by Federal and state agencies in consideration for reopening.

As quoted in the market news:

The federal Nuclear Regulatory Commission has recommended that a license be granted for Powertech Uranium Corp.’s proposed Dewey-Burdock project near Edgemont on the condition that a separate safety review doesn’t reverse such a conclusion. The NRC’s target for a final decision is June 2013.

The proposed mining area is about 13 miles northwest of Edgemont, close to the Black Hills National Forest, and would cover about 16.5 square miles. The mine would employ about 250 people during construction and about 150 once operational.

Click here to read the full CNBC report.