Posts Tagged ‘uranium mill’

Paradox Valley uranium mill on hold

Posted: September 8, 2013 by earthfirstdurango in environmental justice, mining, uranium
Tags: ,
The proposed Piñon Ridge uranium mill would sit on the flat land in the foreground in this view of the Paradox Valley, in between Naturita and the hamlet of Paradox, in Montrose County.

The proposed Piñon Ridge uranium mill would sit on the flat land in the foreground in this view of the Paradox Valley, in between Naturita and the hamlet of Paradox, in Montrose County.

Some analysts doubt it will ever be built

By Joe Hanel, The Durango Herald

A proposed uranium mill in Southwest Colorado will not be built unless there is an unexpected turnaround in the price of uranium, the president of the company that is developing the mill said Friday in a conference call with investors.

Energy Fuels Resources Inc. will keep holding its license to build the Piñon Ridge uranium mill in the Paradox Valley of Montrose County, but it has no plans to act on the license, said President and CEO Stephen Antony.

“We intend to keep that license in a current, valid form, but not move on construction of the mill until market conditions support it,” Antony said.

The statement is old news to uranium experts, but it comes as a surprise to some Coloradans.

The company’s Piñon Ridge website says, “Energy Fuels anticipates starting construction in late 2012 or 2013.” And its plan on file with the Colorado Department of Public Health and Environment calls for the mill west of Naturita to be operational by early 2017, with construction beginning in 2015.

Warren Smith, a community involvement manager for the state health department, said Energy Fuels has not contacted his department with any plans to deviate from the schedule it has submitted. The license is valid for five years.

But uranium market analysts have known since Energy Fuels bought the White Mesa uranium mill in Utah that the company has put Piñon Ridge on the back burner. In fact, the company said so itself in a little-noticed statement in December 2012. It came in an annual report filed with financial regulators in Canada, where Energy Fuels is incorporated.