Uranium Mining Proposal Abandoned In Virginia
By STEVE SZKOTAK
RICHMOND, Va. (AP) A proposal to mine uranium in Virginia was abruptly abandoned Thursday in the Legislature, and supporters scrambled to appeal directly to the governor to salvage what would be the first full-scale mining operation of the radioactive ore on the East Coast.
Unable to deliver the votes in the General Assembly, Sen. John Watkins withdrew his legislation to establish state regulations for uranium mining in Southside Virginia, a rural area along the North Carolina state line and home to the largest known deposit of the radioactive ore in the U.S.
Watkins instead asked fellow Republican Gov. Bob McDonnell to use his administrative powers to have state agencies draw up the rules. McDonnell has not taken a position on the divisive issue and his spokesman J. Tucker Martin said the governor was reviewing the request.Meanwhile, opponents of uranium mining, many of whom had traveled to Richmond for a hearing on the legislation, cheered when Watkins announced his decision. "This is a resounding a resounding victory," said Cale Jaffe of the Southern Environmental Law Center. He credited broad opposition to the proposal, which was pitched by the mining company as a job creator in a hard-hit section of the state. "This is not just environmentalists," Jaffe said. "This is small business owners in Southside, it's farmers, it's parents of small children, it's community leaders, it's physicians all these disparate voices coming together." The proposal was pushed by Virginia Uranium Inc., a company run by the owners of the so-called Coles Hill deposit, where an estimated 119 million pounds of the ore is located in an area of the state called Southside. The company immediately embraced Watkins' request to the governor and a spokesman said the approach would be thorough and transparent. "Some policymakers have suggested that unanswered questions remain," said spokesman Patrick Wales. "Sen. Watkins' suggested course of action would ensure that they have the benefit of all possible information on this issue before casting a vote on lifting the moratorium."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV