"Drive To Mine Uranium in Va. Comes To Quiet Pause"

"RICHMOND, Va. — A company is suspending its campaign to mine one of the world’s largest known deposits of uranium ore in Virginia, concluding that Gov.-elect Terry McAuliffe’s opposition presents a significant challenge over the next four years."

"Virginia Uranium Inc. said it will not back the introduction of uranium mining legislation in the 2014 session of the General Assembly, which would be a first step to tap a 119-million-pound deposit of uranium in Pittsylvania County known as Coles Hill.

'The company is currently evaluating all its options going forward, including a substantial reduction of expenses on the Coles Hill project for the interim period,' VUI’s parent company Virginia Energy Resources Inc. wrote in financial statement and filed in late November, several weeks after McAuliffe’s election on Nov. 5."

Steve Szkotak reports for the Associated Press December 14, 2013.

Source: AP, 12/16/2013