Register | Forgot Your Password? | Close

FLAGSTAFF, Ariz. -- A uranium mining company that has hundreds of claims staked around the Grand Canyon said it's losing out on up to $123 million in profits.

VANE Minerals LLC., blames the U.S. Department of the Interior and its 20-year ban on new mining claims on more than 1 million acres.

The department instituted the ban last year, requiring that anyone with existing claims prove sufficient quantity and quality of uranium ore before any mining could occur.

VANE Minerals, which has offices in Tucson, London and Mexico, argued in a filing with the U.S. Court of Federal Claims that the ban is an unconstitutional taking of property rights and should be reversed. If declared valid, the company said it's entitled to compensation between $68 million and $123 million for expected profit loss.

The Interior Department declined comment Thursday.

Associated Press,

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.