Friday, June 5, 2009

First uranium mine in 30 years permitted in southern Utah

Australian uranium junior White Canyon Uranium announced this morning that it has been granted final approvals to mine their uranium deposits at its 100% owned Daneros Mine in southeastern Utah.

The company' s news release said, "Final mining approvals were granted by the Bureau of Land Management and the State of Utah today, 27 May 2009, just 15 months after the company’s IPO and its listing on the Australian Stock Exchange in March 2008."

Ore from the underground operation is expected to be processed at Denison’s White Mesa Uranium Mill at Blanding, 60 miles to the east. [bottom, drilling on the Daneros ore body. Credit, White Canyon Uranium]

It's expected to be one of only a few uranium mines in the world to go into production in 2009. First production is expected by September.

I expect that mining and environmental interests will be examining this closely, given the controversy over uranium exploration in the Arizona Strip, just south of the Utah border.

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