In USA a uranium minng company rose and fell dramatically
Virginia Uranium’s Strangely Short Half-Life, Bacon’s Rebellion, February 1, 2013 by Peter Galuszka After years building up to a critical mass, Virginia’s uranium controversy never quite reached fission. State Sen. John Watkins, a Republican and uranium backer from Powhatan, pulled the plug on his pro-mining bill Thursday as it faced certain death at a Senate committee. There are a couple of other legislative efforts out there, but it probably safe to say that the state’s now 31-year-old ban on mining uranium stays….
Virginia Uranium, which wants to develop the 119 million pound deposit near Chatham, had given thousands of dollars in donations, trips and gifts to many legislators. Anti-mining advocates, including the cities of Norfolk and Virginia Beach who feared for their drinking water sources, hired their own advocacy muscle. Ordinary folks down in the gently rolling hills of Pittsylvania County organized a strikingly tightly-disciplined and effective anti-mining campaign.
At the end of the day, however, the real reason uranium failed lurks behind the scenes far from the polished floors of the State Capitol.
The fact is that the dynamics of energy pricing are undergoing a huge change in this country. A flood of natural gas, some from controversial “fracking” drilling methods, is making other forms of electricity generation, notably nuclear, financially less attractive. …..
This all made Virginia Uranium’s proposal look shakier than ever, despite all of the hullaballoo, battling op-ed pieces in newspapers and expenses-paid trips to Paris and Canada organized by the firm. http://www.baconsrebellion.com/2013/02/the-unusually-short-half-life-of-virginia-uranium.html
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