StockInterview: State Senator Says Canadian, Not U.S., Uranium to Supply New Mexico Enrichment Facility

SARASOTA, Fla., July 6, 2006 (WebWire) –

The U.S. Nuclear Regulatory Commission recently issued its first license for a major commercial nuclear facility in thirty years. Urenco Ltd, a Netherlands-based energy firm, was awarded the draft license through its U.S.-incorporated consortium, Louisiana Energy Services. According to one state senator, the uranium they will be enriching won’t be coming from U.S. mining operations. New Mexico State Senator Carroll H. Leavell told the Internet news website StockInterview.com, “The uranium ore will be coming out of Saskatchewan.” He told StockInterview that Urenco Ltd informed him the uranium was coming from that western Canadian province.

Senator Leavell and others in a New Mexico delegation had visited Urenco’s headquarters in Almelo, Netherlands as part of their due diligence on the foreign consortium and its European uranium enrichment facility. StockInterview.com recently provided in-depth coverage on its news website regarding the proposed uranium enrichment facility and New Mexico’s nascent nuclear renaissance.

New Mexico State Legislator John A. Heaton won’t be happy. He told StockInterview, “We need to use the assets we have and not be dependent upon foreign countries. I worry a lot about the dependence we have on other countries.” Fellow legislator and a former National Council of State Legislator’s Energy Committee member David Miller told StockInterview, “The State of New Mexico may miss out on the hundreds of millions of dollars of tax revenues from potential severance, ad valorem, sales and other taxes the domestic industry would pay the state to mine uranium in New Mexico.” Miller is also president of Strathmore Minerals, a company which is now advancing its uranium properties through the permitting process in New Mexico. He added, “The foreign uranium pays zero taxes to enter the state for enrichment.”


About StockInterview.com

Stockinteview.com is a rapidly growing online news service, which provides investigative reporting, editorial, analysis and commentary on the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry. Over the past three years, the Internet news website has covered the nuclear energy renaissance, the worldwide uranium mining boom and the potential influence of alternative fuel sources on China’s dramatic economic growth.

To read StockInterview’s news-making feature, “Will Cameco Supply the Uranium for New Mexico’s Proposed Enrichment Facility?” visit StockInterview’s Market Outlook Journal at http://www.stockinterview.com/journal.html


(SOURCE: StockInterview.com)

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