This Day On The Street
Continue to site right-arrow
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

SD Senate Panel Rejects Uranium Mining Bill

By CHET BROKAW

PIERRE, S.D. (AP) â¿¿ A plan to restore some of the state's permitting authority over a proposed uranium mine was rejected by a South Dakota Senate panel Thursday after lawmakers said they see no need to spend state money duplicating federal regulatory programs.

The Agriculture and Natural Resources Committee voted 7-1 to kill the bill, which was promoted by ranchers and others who fear the mine near Edgemont in southwestern South Dakota will deplete and pollute the underground water supplies that will be used in the mining process.

Committee members said it makes sense to let federal agencies handle the mine permit and some related issues because the state Department of Environment and Natural Resources does not have sufficient staff to handle those duties. However, the state agency does have control over permits that allow the mine to use and discharge water, they said.

"What more can we do?" said Sen. Jason Frerichs, D-Wilmot.

Susan Henderson, who ranches near the proposed mine, said she is afraid the mine will use so much underground water that her wells will go dry. She said all the dams on her 16-square-mile ranch went dry in last summer's drought, so she needed well water for her cattle.

"If I had not had not had that underground water and been able to use that, I'd have been out of businesses and so would all of my neighbors," Henderson said.

But Mark Hollenbeck, a rancher and engineer who is project manager for the mine, said he would not be involved in the project if he thought it would take too much water or pollute it.

"I want to make sure it's safe for my family, my kids and my neighbors," Hollenbeck said.

Powertech Uranium Corp.'s proposed Dewey-Burdock project, named for two abandoned towns nearby, would cover about 16.5 square miles and produce about 1 million pounds of uranium oxide annually for the next two decades.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs