Grand Junction (AP) Western Colorado and eastern Utah are seeing a rush to find uranium to meet rising demand from nuclear reactors around the world. This year more than 8,500 mining–claim permits have been filed in eight uranium–rich Colorado and Utah counties.
For years claim activity was virtually zero. Only one hundred million pounds have been produced annually, but the nuclear reactors in the world need 180 million pounds. Demand will grow as China and India increase nuclear power, and President Bush pushes for the United States to expand its use.
Ed Cotter is the contract project manager for uranium leasing for the Department of Energy. He sees this boom as not being a spike like in the early 1990s. Instead, he sees being more sustained than it was in the '70s and '80s.
Copyright 2005 by the Associated Press. All rights reserved.
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