Tourism or Mining? Uranium Ban Forces the Question

Bloomberg reported a new ban on uranium mining near the Grand Canyon has sparked a debate about tourism and mining industries.

Arizona Governor, Janice K. Brewer said:

[The ban] comes at the expense of hundreds of high-paying jobs and approximately $10 billion worth of activity for the Arizona economy.

As quoted in the market news:

U.S. Interior Secretary Ken Salazar, who signed the 20-year ban yesterday at the National Geographic Society headquarters in Washington, said it was part of an effort to safeguard the $3.5 billion spent by visitors to the national park each year.

Click here to read the full Bloomberg report.