PRZOOM - /newswire/ -
Sarasota, FL, United States, 2007/04/02 - What precautions are taken before mining can begin on a U.S.-based uranium project? Environmental manager Richard Blubaugh explains the procedures, the scientific studies done, and the length of time a project takes for approval.
“You want to know which way the wind blows and which way the water flows,” Powertech Uranium environmental manager Richard Blubaugh told StockInterview.com. “There are a dozen or more specialized disciplines that have to be studied. You look at all aspects of the environment that could possibly be impacted by your operations or that could impact your operations.”
“This may be one of the more enlightening interviews we’ve conducted,” said James Finch, StockInterview’s senior editor. “It also helps explain why a uranium project takes a lot longer to become a mine than most investors suspect. Richard Blubaugh provided a detailed outlook of what is involved and how long it takes.” Finch added, “This interview also explains why the uranium price may stay at very high levels for several years.” Today’s interview was part three of a six-part series, entitled ‘Advanced ISR,’ which StockInterview.com began publishing in March.
The data collection for a typical submission and approvals process can take several years before a mining permit could be issued. Blubaugh told StockInterview, “Your baseline data collection period typically runs a year to a year and a quarter. You are looking at roughly a year and a half to two years on the outside for submitting your applications.” After submissions, Blubaugh explained, “The EIS (Environmental Impact Study) process has been noted to take anywhere from 18 to 24 months, and longer if you have strong opposition.”
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, energy and the environment, biotechnology research and the natural resource industry. StockInterview.com is now the most popular website for uranium mining stocks as a result of its best-selling publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
The 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” is now available online by visiting: bookstore.stockinterview.com or Amazon by visiting amazon.com The publication is now offered in U.S. bookstores. Please check with your local bookseller for availability.