Uranium Mining Appears Ready to Surge

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In five Western states where uranium is mined, 43,153 claims were filed last year, up from 4,333 in 2004, the Los Angeles Times reported Sunday. The area of interest includes near the Grand Canyon, where U.S. Interior Department records show there are more than 1,100 claims within five miles of the national park, compared to only 10 in 2003.

Uranium mining in the United States may be about to surge, a spike in claims being filed indicates.

In five Western states where uranium is mined, 43,153 claims were filed last year, up from 4,333 in 2004, the Los Angeles Times reported Sunday. The area of interest includes near the Grand Canyon, where U.S. Interior Department records show there are more than 1,100 claims within five miles of the national park, compared to only 10 in 2003, the Times said.

The closure of some mines in Canada and West Africa, combined with plans for more nuclear power plants around the world, has pushed up the price of uranium from $9.70 a pound in 2002 to $65 a pound last week, the newspaper noted.

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