Thursday, December 25, 2008

Partnership May Mine Pittsylvania Uranium

Apparently things are moving more quickly re: the moratorium than we've been led to believe...


A Virginia company that wants to mine uranium from a deposit in Pittsylvania County plans to partner with a Canadian company for the project.


Virginia Uranium Inc. has announced a merger plan with Santoy Resources of British Columbia, Canada. If completed, it would provide more money and expertise to help mine one of the world's largest deposits of the radioactive ore, worth an estimated $10 billion.


Walter Coles Sr., whose family farm sits atop the uranium deposit, said the partnership is a way to raise money for the long-term future of the project.


Virginia officials are weighing whether to overturn a 25-year-old ban on uranium mining. (emphasis mine...SB)


http://www.timesdispatch.com/rtd/business/local/article/BBBB25_20081224-205613/161962/

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