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Energy Net

Durango Herald News, Uranium mining hits resistance - 0 views

durangoherald.com/...Uranium_mining_hits_resistance

nuclear energy fuel-cycle uranium mill mining co nuke.news

shared by Energy Net on 14 Jun 09 - Cached
  • Residents of Nucla, Naturita split on wisdom of proposed mill by Joe Hanel Herald Denver Bureau Article Last Updated; Friday, June 12, 2009 MONTROSE - A proposed mill that could help restart Colorado's uranium industry drew heated debate at a public hearing Wednesday night. Click image to enlarge Photo by JOE HANEL/Herald Cindy Carothers, left, Patty Geer and their father, Lee Sutherland, show their support for a proposed uranium mill near Naturita before a meeting of the Montrose County Planning Commission on Wednesday in Montrose. The Montrose County Planning Commission delayed its decision on a special-use permit for Energy Fuels Inc., which wants to build the Piñon Ridge uranium mill 12 miles west of Naturita in the Paradox Valley. Commissioners favored the mill, but they needed more time to craft language for the permit. The commission will make its decision July 1.The mill would have effects far beyond the remote valley. It would be the first new American uranium mill in decades, and it would offer a convenient place to process ore from Colorado's shuttered uranium mines.
  • Energy Net on 14 Jun 09
     
    Residents of Nucla, Naturita split on wisdom of proposed mill MONTROSE - A proposed mill that could help restart Colorado's uranium industry drew heated debate at a public hearing Wednesday night. Katie Ogier - The Wells Group custom residential construction Click image to enlarge Photo by JOE HANEL/Herald Cindy Carothers, left, Patty Geer and their father, Lee Sutherland, show their support for a proposed uranium mill near Naturita before a meeting of the Montrose County Planning Commission on Wednesday in Montrose. The Montrose County Planning Commission delayed its decision on a special-use permit for Energy Fuels Inc., which wants to build the Piñon Ridge uranium mill 12 miles west of Naturita in the Paradox Valley. Commissioners favored the mill, but they needed more time to craft language for the permit. The commission will make its decision July 1. The mill would have effects far beyond the remote valley. It would be the first new American uranium mill in decades, and it would offer a convenient place to process ore from Colorado's shuttered uranium mines.
Energy Net

News : Energy fuels: take it slow (Montrose, CO) - 0 views

www.montrosepress.com/...doc4a3d5aeb932eb513695709.txt

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shared by Energy Net on 22 Jun 09 - Cached
  • Energy Net on 22 Jun 09
     
    Last November, the Daily Press published a special enterprise reporting project on the Energy Fuels Pinon Ridge mill, uranium mining and human health. It led us to the conclusion that there is much to be mulled over when considering the permitting of a uranium mill. We suggested two appropriate moves by Montrose County. One, declare a moratorium of a year; and two, at least wait until the State of Colorado defines through a state permit what type of beast the mill would be before issuing a special use permit. The Press' report, "Uranium & Health, the Pinon Ridge Mill," adopted the methodology of an environmental impact statement, at least in regard to human health. We treated the mill as a part of mining processing, or development as the county defines it. We then examined what the impacts of the mill would be on the health of miners, transporters, mill workers and neighbors. The mining occupational health analysis indicated definite risks beyond normal occupations. The milling occupational health was a bit of a mystery. One revelation from the special section: according to Phil Egidi of the Colorado Department of Health and Environment's (CDPHE), the state leaves room for creativity in permits based on community and regional requests. (The entire report is on our Web site: montrosepress.com under the link 'special sections.')
Energy Net

Uranium mill blamed for cancer cluster in Monticello - ABC 4.com - Salt Lake City, Utah... - 0 views

www.abc4.com/...oLM-pWvt-EipO6svFRq7yw.cspx

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shared by Energy Net on 10 May 10 - Cached
  • Energy Net on 10 May 10
     
    "For nearly 20 years, Monticello was a Uranium boomtown. It started in I941 when the government opened a Uranium Mill in town to feed the Manhattan Project. The Vanadium Corporation of America mill produced the "yellowcake" that Robert Oppenheimer and his team would use to create the first atomic bombs. The mill paid good wages and the workers felt patriotic. Fritz Pipkin remembers his dad working in the mill. "I feel like my father was a hero," he said. "It was no different than the soldiers in Germany or Japan. They gave their lives to create this product that was used for the Manhattan project and the bombs that ended the war." Pipkin also remembers playing in the piles of radioactive tailings at the mill. "As kids we'd go on down the canyon right here and we'd camp out and drink from the water that came through the tailings ponds. Nobody knew of any danger. It's a wonder kids in Monticello don't glow in the dark from all the hours we spent down here on these tailings piles.""
Energy Net

Montrose County to review proposal for uranium mill - 0 views

www.gjsentinel.com/...70309_3a_Montrose_uranium.html

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shared by Energy Net on 06 Jul 09 - Cached
  • Energy Net on 06 Jul 09
     
    The Montrose County Commission will soon begin its review of a proposed uranium mill in the county's West End. The proposed Piñon Ridge mill won a unanimous recommendation Wednesday from the county planning commission, culminating a series of meetings that extended late into the night on two occasions before the commission vote. The county commission is expected to conduct a public hearing in the West End within 30 days of the planning commission vote. Opponents of the plan were joined Wednesday by actress Darryl Hannah, who maintains a home in nearby San Miguel County, and told a reporter for the Montrose Daily Press that she was "pretty concerned about short-term thinking leading to a disaster." Opponents have cited fears that the mill could pose a threat to public health, while supporters have cited the potential for economic growth and higher-wage hiring from the mill and nearby mining. The Piñon Ridge Mill would sit on 880 acres about 12 miles from Paradox and 7 miles east of Bedrock on land that now is zoned for agriculture. Energy Fuels is pursuing an aggressive schedule that officials hope will see construction begin in 2011 and the possibility of production in 2012.
Energy Net

Telluride environmental group sues Montrose County over uranium mill « Colora... - 0 views

coloradoindependent.com/...trose-county-over-uranium-mill

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shared by Energy Net on 16 Nov 09 - Cached
  • Energy Net on 16 Nov 09
     
    Montrose County commissioners met in secret and had already made up their minds before approving a special use permit for a uranium mill in the Paradox Valley, a lawsuit filed in Montrose County District Court alleges. The suit, filed by the Telluride-based environment organization Sheep Mountain Alliance, also accuses the commissioners of inadequately weighing the air and water quality impacts of an industrial milling operation in a valley zoned for agriculture. Paradox Valley Paradox Valley The county attorney had not yet seen the suit and therefore couldn't comment on its merits, according to the Telluride Daily Planet, but a representative of the company proposing the Piñon Ridge Mill, Energy Fuels of Ontario, Canada, said he expected such a delaying tactic.
  • Energy Net on 16 Nov 09
     
    Montrose County commissioners met in secret and had already made up their minds before approving a special use permit for a uranium mill in the Paradox Valley, a lawsuit filed in Montrose County District Court alleges. The suit, filed by the Telluride-based environment organization Sheep Mountain Alliance, also accuses the commissioners of inadequately weighing the air and water quality impacts of an industrial milling operation in a valley zoned for agriculture. Paradox Valley Paradox Valley The county attorney had not yet seen the suit and therefore couldn't comment on its merits, according to the Telluride Daily Planet, but a representative of the company proposing the Piñon Ridge Mill, Energy Fuels of Ontario, Canada, said he expected such a delaying tactic.
Energy Net

Ritter signs uranium cleanup bill - The Denver Post - 0 views

www.denverpost.com/...ci_15252782

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shared by Energy Net on 14 Jun 10 - Cached
  • Energy Net on 14 Jun 10
     
    "Colorado Governor Bill Ritter stood by the banks of the Arkansas River near a neighborhood contaminated by a uranium mill today and signed legislation that will force uranium mills to clean up existing messes before launching new projects. "This just gives us a better hold on the milling process," Ritter said before signing the bill, a bipartisan measure sponsored by Rep. Buffie McFadyen, and Sens. Ken Kester and Bob Bacon. Greenwood Village based Cotter Corp. operates the mill that became a Superfund cleanup site in 1984. During the statehouse battle over the law, Cotter vice president John Hamrick said the legislation would kill Cotter's proposed project to refurbish the mill and haul 12.5 million tons of uranium ore from New Mexico for processing. Hamrick on Tuesday declined to comment on the status on any future project."
Energy Net

Colorado Independent » Proposed uranium mill deeply divides southwestern Colo... - 0 views

coloradoindependent.com/...thwestern-colorado-communities

nuclear energy fuel-cycle uranium mining mill nuke.news co

shared by Energy Net on 22 Sep 09 - Cached
  • Energy Net on 22 Sep 09
     
    Montrose County commissioners delayed a decision on a controversial uranium mill proposal Wednesday after nearly six hours of public testimony that underscored deep divisions between longtime mining families and residents of neighboring Telluride and San Miguel County. The Pinon Ridge Mill would be located on the far western edge of Montrose County, in the Paradox Valley near the Utah border, but the uranium and vanadium processing mill - capable of producing enough fuel rods to power a city one and half times the size of Denver - has been meeting with stiff opposition from residents of Telluride and Ridgway. They argue the mill will re-stigmatize the area once known as the capital of the global uranium industry, irreparably damaging the region's new reputation as an outdoor recreation mecca and international tourism destination. Proponents counter the western end of Montrose County has been severely depressed for decades, struggling for jobs and a sustainable economy since the last big uranium boom tapered off in the 1970s and '80s in the wake of nuclear power-plant disasters at Three Mile Island and Chernobyl. They also say technology has changed dramatically since the days when Uravan produced uranium for the first atomic weapons but is now a toxic ghost town.
Energy Net

Make uranium milling cleaner - The Denver Post - 0 views

www.denverpost.com/...ci_14803866

nuke.comments co uranium mining

shared by Energy Net on 05 Apr 10 - Cached
  • Energy Net on 05 Apr 10
     
    "With the nation considering more nuclear energy, a bill that requires mill operators to clean up as they go is a smart move. Given the atrocious environmental record of uranium mills in Colorado and the West, a bipartisan effort in the General Assembly designed to keep mill operators from leaving behind costly piles of toxic waste makes good sense. Legislation that easily passed in the state House last week would keep mills from gaining permits to expand their operations until operators cleaned up existing waste. The bill attempts to keep these operations accountable to the public and make environmental violations few and far between. It also would tighten regulation of accepting out-of-state waste, or so-called "alternate feed" material, that can be processed at the mills."
Energy Net

The Associated Press: Planned uranium mill near Naturita gets local OK - 0 views

www.google.com/...fHXTe8jjFEdyJVkYyp0vAD9BJL2CO1

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shared by Energy Net on 02 Nov 09 - Cached
  • Energy Net on 02 Nov 09
     
    A company that wants to build one of the first new U.S. uranium mills since the Cold War has won local approval and now needs state approval. The Montrose County commissioners last month issued a permit to Toronto-based Energy Fuels Inc. for its proposed Pinon Ridge mill 12 miles west of Naturita (nat-yur'-EE'-tah) and about 340 miles southwest of Denver. The company is preparing to submit a 12-volume application to state health regulators, triggering a technical review. Many area residents welcome the possible return of high-paying mining jobs. Several uranium mills operated in western Colorado until the uranium market crashed in 1981 after the nuclear accident at Three Mile Island.
  • Energy Net on 02 Nov 09
     
    A company that wants to build one of the first new U.S. uranium mills since the Cold War has won local approval and now needs state approval. The Montrose County commissioners last month issued a permit to Toronto-based Energy Fuels Inc. for its proposed Pinon Ridge mill 12 miles west of Naturita (nat-yur'-EE'-tah) and about 340 miles southwest of Denver. The company is preparing to submit a 12-volume application to state health regulators, triggering a technical review. Many area residents welcome the possible return of high-paying mining jobs. Several uranium mills operated in western Colorado until the uranium market crashed in 1981 after the nuclear accident at Three Mile Island.
Energy Net

News : Mill opponents: Just say no (Montrose, CO) - 0 views

www.montrosepress.com/...doc4c0f2f42c06a2346643002.txt

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shared by Energy Net on 14 Jun 10 - Cached
  • Energy Net on 14 Jun 10
     
    "MONTROSE " Uranium mill opponents dominated a sparsely attended public hearing in Montrose Tuesday, urging state regulators to proceed with caution or even deny a license to the proposed Piñon Ridge Mill. On the same day Gov. Bill Ritter inked a law requiring mill owners to comply with cleanup orders before expanding or restructuring, many Piñon Ridge opponents invoked the ongoing British Petroleum oil leak as proof that things can go terribly wrong, despite an industry's insistence to the contrary. They also questioned the financial viability of Energy Fuels, the Canada-based company that hopes to build the mill near the West End communities of Nucla and Naturita. "They're mining for investors," Hilary White of the Sheep Mountain Alliance alleged to members of the Colorado Department of Public Health and Environment."
Energy Net

Mill cited by state for uranium contamination: Gazette.com - 0 views

www.gazette.com/...contamination_mill.html

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shared by Energy Net on 15 Aug 08 - Cached
  • Energy Net on 15 Aug 08
     
    The Cotter Corp. uranium mill has been cited by the state for radioactive contamination at the adjacent Shadow Hills Golf Club. Though the mill has long been connected to nearby groundwater contamination - the area has been a federal Superfund cleanup site since 1984 - this is the first time state officials have linked the mill to contamination at the golf course and the first time contamination has been traced to mill operations after 1979, when it was rebuilt.
Energy Net

Update: EnergySolutions Moab Project Receives American Recovery and Reinvestment Act Fu... - 0 views

www.earthtimes.org/...-project-receives,986229.shtml

nuclear energy fuel-cycle uranium mill tailings cleanup moab ut energysolutions contract doe nuke.news

shared by Energy Net on 12 Oct 09 - Cached
  • Energy Net on 12 Oct 09
     
    EnergySolutions, Inc. (NYSE: ES) announced today that $22.9 million of American Recovery and Reinvestment Act funding has been allocated to the Moab UMTRA project. The total amount of American Recovery and Reinvestment Act funding for the Moab project is $108 million. The funding is being used to accelerate removal of uranium mill tailings away from the banks of the Colorado River. Thus far 160 jobs have been created this year as a result of Recovery Act funding. "We are thrilled that the U.S. Department of Energy (DOE) has allocated sufficient funding to the Moab project to accelerate the cleanup of the site. This is great news for the community and for all who use the Colorado River and Lake Powell," said Steve Creamer, CEO and Chairman of EnergySolutions. The Recovery Act funding is being used to excavate, transport and dispose of additional mill tailings from the Moab site to the Nuclear Regulatory Commission-approved disposal cell at Crescent Junction. This additional work began in June and will continue through September 2011. Additionally, this additional funding supports increasing the size of the disposal cell as well as crushing, transporting, and placing final rock cover on the disposal cell. This portion of the work began in August and continues through September 2011. Sixteen million tons of uranium mill tailings will eventually be relocated 30 miles north of Moab to a location designated by the DOE.
  • Energy Net on 12 Oct 09
     
    EnergySolutions, Inc. (NYSE: ES) announced today that $22.9 million of American Recovery and Reinvestment Act funding has been allocated to the Moab UMTRA project. The total amount of American Recovery and Reinvestment Act funding for the Moab project is $108 million. The funding is being used to accelerate removal of uranium mill tailings away from the banks of the Colorado River. Thus far 160 jobs have been created this year as a result of Recovery Act funding. "We are thrilled that the U.S. Department of Energy (DOE) has allocated sufficient funding to the Moab project to accelerate the cleanup of the site. This is great news for the community and for all who use the Colorado River and Lake Powell," said Steve Creamer, CEO and Chairman of EnergySolutions. The Recovery Act funding is being used to excavate, transport and dispose of additional mill tailings from the Moab site to the Nuclear Regulatory Commission-approved disposal cell at Crescent Junction. This additional work began in June and will continue through September 2011. Additionally, this additional funding supports increasing the size of the disposal cell as well as crushing, transporting, and placing final rock cover on the disposal cell. This portion of the work began in August and continues through September 2011. Sixteen million tons of uranium mill tailings will eventually be relocated 30 miles north of Moab to a location designated by the DOE.
Energy Net

Is It Time to Restart the Uranium Industry in the U.S.?: Scientific American - 0 views

www.scientificamerican.com/article.cfm

nuclear energy nuke.news fuel-cycle uranium mining s4

shared by Energy Net on 06 Jul 10 - Cached
  • FRESH FUEL: A proposal to build a uranium mill in Pi�on Ridge, CO, the nation's first mill in 25 years, could provide new jobs and economic benefits, but may also cause health and environmental impacts, experts say.WikimediaCommons/Alberto Otero Garc aArticleImages = new Array; aArticleImages[0] = new Object; aArticleImages[0].title = "FRESH FUEL:"; aArticleImages[0].caption = "A proposal to build a uranium mill in Pi�on Ridge, CO, the nation\'s first mill in 25 years, could provide new jobs and economic benefits, but may also cause health and environmental impacts, experts say."; aArticleImages[0].credit = "WikimediaCommons/Alberto Otero Garc"; aArticleImages[0].url = "http://commons.wikimedia.org/wiki/File:Ranger_Uranium_Mine.jpg"; aArticleImages[0].alt = ""; aArticleImages[0].src = "/media/inline/is-it-time-to-restart-the-uranium-industry-in-the-us_1.jpg"; aArticleImages[0].thisImageNumber = "1"; .atools_holder {border:#e4e0dd 1px solid; width:78px; background-color:#e4e0dd; color:#999; text-align:center; margin:0 0 5px 5px;} .atools_holder {text-align:-moz-center} .atools {width:98%; padding:3px 1px 0 0} .atools {text-align:-moz-center} .atools img {margin-bottom:5px; display:block;} .badge {padding: 2px; background-color:#fff; width:54px;margin-bottom:3px; left: 50%;} #atools_sponsor {width:88px;} #atools_sponsor span {font-size:8px !important; color:#999; font-family:Verdana, Arial, Helvetica, sans-serif !important; text-align:center} var newURL = ""; newURL = location.href.replace(/&[e|s]c=[A-Za-z0-9_]{2,15}/,''); //strip ec or sc codes newURL = newURL.replace(/&page=[0-9]{1,2}/,''); //strip pagination from articles newURL = newURL.replace(/&SID=mail/,''); //strip SID from mailarticle feature var newTitle = document.title; //alert(newURL) digg_url = newURL; 0diggsdigg stumble_url = newURL;
  • Energy Net on 06 Jul 10
     
    "In Colorado's far western reaches is a valley called Paradox. Unlike most, it is cut crosswise through the middle. The Dolores River runs perpendicular through it, creating a geologic anomaly that is also the valley's namesake. Brilliant orange cliffs cradle the valley floor under the white gaze of Utah's La Sal Mountains. Sagebrush plains and irrigated hay fields are broken only by herds of cows and the tiny hamlets of Bedrock and Paradox. Within the region's perplexing geology run rich veins of uranium, fuel for the nation's incipient nuclear renaissance. A proposal to build the nation's first uranium mill in 25 years has divided the community there between those who see good jobs and a stable economy and neighbors fearful of uranium's history of health impacts, environmental harm and unstable prices. Both sides recognize that the proposed Piñon Ridge uranium mill - fed by ore from up to 41 nearby mines - could transform this quiet corner of Colorado into the fountainhead of the nuclear fuel industry."
Energy Net

Montrose County ponders proposed uranium mill - 0 views

www.gjsentinel.com/...092608_14A_uranium_forum.html

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shared by Energy Net on 30 Sep 08 - No Cached
  • Energy Net on 30 Sep 08
     
    Some people think a uranium mill in Montrose County is a good idea, and some are firmly against it, but the process for building one has begun. An application for a special-use permit from Montrose County was submitted recently by Energy Fuels Resources of Nucla to build the Piñon Ridge Mill in Paradox Valley. County leaders heard Wednesday night from experts from the Colorado Department of Public Health about the state approval process, which would be the first in decades for a uranium mill.
Energy Net

Nuclear Decommissioning - U.S. Uranium Mill Tailings map - 0 views

www.eia.doe.gov/...title1map.html

fuel-cycle maps mill-tailings nuclear uranium

shared by Energy Net on 27 Oct 07 - Cached
  • #1Former Uranium Processing Sites > Next Release: October 2005 To view mill site pages, click on the mill name on the map or on the links below the map.
Energy Net

Opinion : Opposing views of proposed mill: Uranium market has little or no room for the... - 0 views

www.montrosepress.com/...doc4abed08aeba68455586053.txt

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shared by Energy Net on 28 Sep 09 - Cached
  • Energy Net on 28 Sep 09
     
    As Energy Fuels Resources (EFR) awaits Montrose County BOCC approval for a special use permit for the Pinon Ridge Mill and prepares to submit a permit application to Colorado Department of Public Health and the Environment (CDPHE), it lacks capitalization to build the mill, faces a very tight uranium market with surplus uranium production capacity, a dropping uranium market price and production costs higher than market value. Today's market bears little resemblance to the first uranium boom and bust in the Colorado-Utah borderlands when the federal government paid a guaranteed base price for uranium ore to miners to feed nuclear weapons production programs. "Yellowcake," uranium oxide produced by uranium mills is a global commodity widely available at a volatile market-based price for commercial purchase for use in nuclear reactor fuel. Advertisement 1. The Uravan belt uranium is not a significant fraction of U.S. nor global uranium resources. Uranium resources at permitted uranium production sites in Wyoming, Nebraska and Texas dwarf the potential of this district.
Energy Net

The Watch Newspapers - Uranium Mill Opponents Plan Protest Wednesday - 0 views

www.telluridewatch.com/...full_story

nuclear energy fuel-cycle uranium mining co protest nuke.news

shared by Energy Net on 14 Jun 09 - Cached
  • Energy Net on 14 Jun 09
     
    Opponents to a proposed uranium mill in Paradox Valley plan a protest before a public meeting Wednesday in Montrose. Marie Moore of the Paradox Valley Sustainability Association said protesters will meet at 5 p.m. Wednesday outside Friendship Hall on the Montrose County fairgrounds to oppose the mill. The Montrose County Planning Commission will hold its second public hearing in the hall at 6 p.m. on whether to recommend a special use permit to Energy Fuels Corp. The final decision on the permit will be up to the county's board of commissioners. At the first public meeting on the permit, on May 19, in Nucla, more than 200 people showed up, both for and against the mill, and feelings were strong on both sides. The West End Planning Advisory Committee, which makes recommendations to the county planning commission, voted in favor of the bill, 4-1.
Energy Net

Telluride Daily Planet > Uranium mill project makes headway - 0 views

www.telluridenews.com/...doc4a218b2cbac7f201184926.txt

nuclear energy fuel-cycle uranium mill development co nuke.news

shared by Energy Net on 01 Jun 09 - Cached
  • Energy Net on 01 Jun 09
     
    Advisory commission, county planning director recommend approval The approximately 250 people who filled the Nucla High School gym last week were there to witness a different kind of rivalry than the basketball games that usually inhabit the venue. Instead, they came to debate the proposed uranium mill in Paradox Valley, a project that has electrified the fence between area residents who want jobs and those who are wary of the environmental impacts of such a facility. The Montrose County Planning Commission held the public hearing to gather input about the proposed mill before making a recommendation to the county commissioners about a permit. The 880-acre project site is on private land zoned for agricultural use, not for industrial operations like processing ore, so it will require a special use permit for the proposed mill. The planning commission deferred its decision on the permit to a June 10 meeting, but both County Planning Director Steve White and the West End Planning Advisory Committee (made up of residents who live closer to the proposed project) recommended approval of the permit.
Energy Net

Telluride Daily Planet >Uranium mill near Paradox gets planning permit - 0 views

www.telluridenews.com/...doc4a4d6b6ccb298397287659.txt

nuclear energy fuel-cycle permit uranium mill co nuke.news

shared by Energy Net on 06 Jul 09 - Cached
  • Energy Net on 06 Jul 09
     
    Planning committee sends decision to commissioners Montrose County made a move into the future - or the past, depending on perspective - when its planning commission unanimously approved a uranium mill in Paradox Valley Wednesday night. The Piñon Ridge Mill has to be approved by the county commissioners and state and federal regulatory agencies. The area near the Utah border was a hub of uranium mining at the beginning of the atomic age. If a mill is built, it could revive an industry that gave its name to the town of Uravan. But the threat of radiation and pollution worries residents who live nearby. A crowd of about 75 came to the Montrose County Fairgrounds and spoke overwhelmingly against the mine, parading to the podium to protest what they clearly saw as a threat to their health, water and way of life. "If they contaminate our ground water, what happens then?" said Paradox's Marie Moore. "This is my life. You don't even live there. You don't even know."
Energy Net

Telluride Daily Planet: Uranium producers ready for rebound - 0 views

www.telluridenews.com/...doc4a01c1f19e67b854151661.txt

nuclear energy fuel-cycle uranium mining co nuke.news

shared by Energy Net on 07 May 09 - Cached
  • Energy Net on 07 May 09
     
    The CEO of Energy Fuels, George Glasier, holds up a tiny pellet, smaller than a ping-pong ball, to illustrate his point. This pellet of nuclear fuel, he says, is the equivalent of five gallons of oil, one railroad car, or 100 tons of coal. Behind this small finished pellet, however, is a long and expensive chain of production, from mining the uranium ore, to milling it into concentrated yellowcake that will travel across the country to be refined again into pellets that are placed into a fuel rod and used in a nuclear reactor. Right now, the price of uranium is too low to support that chain of production, according to Denison Mines President Ron Hochstein. Hochstein said that Denison's White Mesa Mill, the nation's only operating uranium mill, has ceased its regular milling operations for the remainder of 2009. "We will stop processing conventional ore through 2009, but will be processing alternate feedstock on a reduced scale, and we'll be laying off some personnel," said Hochstein. "Our costs are higher than the current spot price." Hochstein was upbeat about the future of the uranium market, and his company already has processing contracts in place for 2011, when he expects that the spot price of uranium will again make it profitable to process the radioactive material.
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