When Your Home Has Uranium

Posted by Kris | Saturday, February 16, 2008 | 0 comments »

When I read the article below, in one way, I felt happy for the Coles family. Potentially, they could be billionaires overnight if their state government allowed them to mine the uranium ores.Better start checking whether your own backyard has any hidden treasures buried in.

On the other hand, I shudder to think what would happen to the resident living nearby once the mining got approved. Property prices near the mine will surely drop dead like flies.

Who wants to live near a radioactive site?

Uranium Mining Advocates Seek Risk StudySaturday February 16, 5:10 am ET By Sue Lindsey,
Associated Press Writer

Advocates of Virginia Uranium Mining Aim for Risk Study; Deposit Possibly Worth $10 Billion

CHATHAM, Va. (AP) -- You couldn't say Walter Coles Sr. is sitting on a pot of gold. Close, though. The hundreds of acres of rolling Virginia farmland in his family for five generations contain the largest unmined uranium deposit in the nation, worth an estimated $10 billion

The existence of the deposit has been known since the 1980s, but a spike in the price of uranium has renewed interest in mining it. That is cause for hope by advocates in a region with an economy crippled by the loss of the textile and tobacco industries and angst among residents who fear radiation contamination.