WPR News
3:50 pm
Tue April 26, 2011

Partner pulls out of Colo. mining project

RIVERTON, Wyo – A Wyoming company that wants to mine
molybdenum (ma-LIB'-de-nem) on a mountain in western Colorado says
its partner in the project has decided to pull out.
Riverton-based U.S. Energy Corp. said Monday that Thompson Creek
Metals Co. Inc. has terminated its option agreement to mine the
mineral on Mount Emmons near Crested Butte. U.S. Energy and
Thompson Creek said in a joint statement that Thompson Creek is
planning more immediate projects.
U.S. Energy said it's still committed to the development and
might reach out to the Chinese, who have expressed interest in the
past.
Area residents and conservation groups oppose mining on Mount
Emmons, nicknamed the Red Lady for its reddish soils. Opponents
have unsuccessfully sued and appealed state approval of the
company's plans. Federal approval is also required.