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Canadian uranium producer shuts down Utah mine

Canadian uranium producer shuts down Utah mine

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SALT LAKE CITY (AP) -- Toronto-based Denison Mines Corp. says it is temporarily closing the Tony M mine in southern Utah due to slumping uranium prices.

The closing was announced Tuesday in a news release from the company. It started mining last April and had planned to take 200,000 pounds of uranium ore annually. It was processing the ore to the White Mesa uranium mill south of Blanding.

The Tony M mine, near Ticaboo, Utah, has a history going back decades. Denison bought it from another company a few years ago.

Company President Ron Hochstein didn't return a phone message left Tuesday by The Associated Press. Another executive, Harold Roberts, said he wasn't authorized to talk about company affairs and referred the AP to Hochstein.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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