A uranium mining company that has hundreds of claims staked around the Grand Canyon says 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 argues 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 says it's entitled to compensation between $68 million and $123 million for expected profit loss.
The Interior Department declined to comment Thursday.
Copyright 2013 Associated Press. All rights reserved.
Sunday, August 31 2014 3:28 PM EDT2014-08-31 19:28:29 GMT
Disturbing pictures of an injured kindergartner from Pascagoula have made a mother's call for action go viral online.More >
Disturbing pictures of an injured kindergartner from Pascagoula have made a mother's call for action go viral online. Friends and family of a Pascagoula kindergarten student have created a Facebook page and GoFundMe.com account claiming the girl was attacked on the playground this week by another student.More >
Sunday, August 31 2014 4:12 PM EDT2014-08-31 20:12:10 GMT
CONWAY, SC (WMBF) – Dozens of videos are all over Twitter from parties held at Coastal Carolina University. Many of the posts lead back to a group called I'm Shmacked. It makes videos at universitiesMore >
Dozens of videos are all over social media from parties held at Coastal Carolina University.More >