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

Va. Uranium Panel Meets In Richmond For Last Time

STEVE SZKOTAK

RICHMOND, Va. (AP) â¿¿ A multi-agency state panel studying the possibility of uranium mining in Virginia conducts its final public meeting Tuesday before submitting its report to legislators in December.

The Uranium Working Group meeting is scheduled to review statutory and regulatory changes that would be required if a 30-year ban on uranium mining is ended so a mining company can tap a 119-milllion-pound deposit of the radioactive ore in Southside Virginia. The Richmond meeting is also expected to examine emergency preparedness and response plans, should mining be allowed.

Maureen Matsen, Gov. Bob McDonnell's top energy adviser and spokeswoman for the working group, said she expects a report to be issued to the General Assembly's Coal and Energy Commission in mid-December. It will not include a recommendation on whether the ban should be lifted.

Sen. John Watkins, a Powhatan Republican who is vice chairman of the commission and its uranium subcommittee, said that decision will be left to the commission. "The Coal and Energy Commission will make a recommendation as to whether the ban should be lifted, whether we should leave it, or make no recommendation at all," he said.

If it goes to the full General Assembly, it will likely spark a major environmental debate in 2013.

Should the issue end up in the full legislature, Watkins said, "It's going to be a close vote."

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.

The company contends the mining and milling â¿¿ or processing the ore for fuel in nuclear power plants â¿¿ can be conducted safely. It has said it could create hundreds of jobs in a part of the state sorely in need of a new economic base and generate state and local taxes topping $100 million.

1 of 2

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

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs