Virginia Not Ready for Uranium Mining

Platts reported a study on uranium mining in Virginia concluded the state is not ready to safely mine the element.

As quoted in the market news:

The report did not make recommendations on whether to remove or keep the moratorium, but warned that the state is currently not equipped to regulate uranium mining — which it said could pose a threat to public health and environmental quality in the state.

The study was conducted at the request of Virginia state delegate Terry Kilgore, a Republican who chairs the Legislature’s Coal and Energy Commission. It was funded by Virginia Uranium, a company formed to explore the Coles Hill uranium deposit in south central Virginia’s Pittsylvania County with the hope to mine the area once the moratorium is lifted.

Click here to read the full Platts report.