Mining company denied payout for expected profits

A federal court threw out a Flagstaff mining company's complaint regarding a ban on new uranium mining surrounding the Grand Canyon. / Mishella
A federal court threw out a Flagstaff mining company’s complaint regarding a ban on new uranium mining surrounding the Grand Canyon. / Mishella

Arizona Daily Star

A federal court says a company’s arguments that it lost out on up to $123 million in uranium mining revenue in northern Arizona are premature.

VANE Minerals LLC filed the complaint after the U.S. Department of Interior instituted a 20-year ban on new mining claims around the Grand Canyon.

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