Uranium Frenzy in the West
The giant mining conglomerate, Phelps Dodge, recently acquired the mineral rights to national forest land in Colorado for just over $100,000. The company expects to extract $9 billion in molybdenum from the land. If, to speculators, the prospect of mega-profits is like sex, the Mining Act of 1872 has always been their Viagra. To add insult to injury, the Act makes taxpayers responsible for any clean-up of the land after the mining companies are through ... Full Story »
Posted by Jeff Clark
