1955 there were approximately 800 mines producing high-trade ore on
the Colorado Plateau. Utah alone had produced approximately nine million
tons of ore valued at $25 million by the end of 1962. But then the industry
almost came to a standstill. The AEC, now holding ample reserves, announced
an eight-year limited program, and finally completely stopped buying
uranium in 1970. Private industry triggered a brief second boom when
nuclear power plants came on line in the mid-70s, but foreign competition,
federal regulations and nuclear fears virtually put an end to domestic
the uranium heyday, the federal government built several buying stations
and a number of milling and reduction centers on the Colorado Plateau.
Utah's AEC milling facilities were in Salt lake City, Monticello, LaSal,
Blanding, and Mexican Hat. In 1957 Steen opened the Uranium Reduction
Company, the nation's first large independent uranium mill, in Moab.
Sold to Floyd Odlum's Atlas Corporation in 1962, the facility shut down
in 1984. The federal mills were sold to private industry and finally