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Home arrow FAQs arrow FAQ 4 - Won't the proposed uranium mine provide economic benefits to Colorado?
FAQ 4 - Won't the proposed uranium mine provide economic benefits to Colorado? Print

While it is not known exactly how many people would be employed at Powertech’s proposed uranium mine, an idea could be inferred from Cameco’s Smith Ranch-Highland production facility in Wyoming. Smith Ranch-Highland is proclaimed be the largest production facility in the USA and they only employ 140 people.

Due to Colorado’s antiquated uranium severance tax laws it was reported in November 26, 2007 in the Northern Colorado Business Report ( that Powertech’s payment of “any severance taxes - the taxes incurred by businesses that extract Colorado's resources such as oil, gas and coal - remains an open question.” The report sites Rep. Randy Fisher, D-Fort Collins as saying Colorado’s "numerous exemptions and credits" could mean that Powertech - which still must obtain a permit to begin mining operations in 2010 - might be able to extract uranium without much of a tax liability "and the people won't see much economic impact." "It's doubtful they'll be paying any severance tax at all," he said.

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