This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

More Tribes Ban Uranium Mining On Lands In Arizona

Tribes have long struggled to develop their economies, so when mining companies promised jobs and a revenue stream decades ago, many American Indian tribes jumped at the chance to work in the mines, particularly on the Navajo Nation and around Grants, N.M.

Thus far, mining companies have been hard-pressed to convince tribes that the health risks and environmental degradation they associate with past uranium mining would not occur with new mining operations, said David Brett, president and chief executive of Pacific Bay Minerals Ltd. The Vancouver, Canada, company had been in negotiations to explore for uranium on the Hualapai reservation, where tribal leaders renewed a ban this month.

"There is a perception out there that is very hard to dislodge that it poses this massive health risk," he said.

While it wasn't known how much uranium could be mined from the nearly 1 million-acre Hualapai reservation, Brett said previous work had shown there was potential.

"This is what made it so attractive; it's basically unexplored territory," he said. "It's geologically crying out to be explored."

The frustration is just as evident on the nearly 1 million-acre area around the Grand Canyon that the Interior Department in July blocked from any new mining claims for a two-year period.
2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
PBM $4.15 0.00%
AAPL $126.44 0.00%
FB $87.28 0.00%
GOOG $523.40 0.00%
TSLA $280.02 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs