If the General Assembly votes to lift the ban on permits and create regulations for mining uranium ore, it will then be up to state, federal and county authorities, including the Pittsylvania County Board of Supervisors, to decide whether or not to issue permits for mining the Coles Hill deposit.However, even the opposition is confident that mining at the project will proceed once the moratorium is lifted. Nathan Lott, executive director of the Virginia Conservation Network, a coalition of environmental groups, conceded, “[y]ou don't create an expansive regulatory regime unless you have the intent to mine," as per a report by Rex Springston of the Richmond Times-Dispatch.
Virginia's Coles Hill Uranium Deposit Faces Crucial Vote As Russia Takes Uranium One
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.