Alternative Energy Fuels Hopes for Pea Ridge Mine
SULLIVAN, Mo. (AP) -- A St. Louis-area developer who lost control of the now shuttered Pea Ridge Mine is plotting its comeback.
A Canadian commodities company bought the Sullivan-area mine and the iron ore it contains in 2011 from Jim Kennedy. The company says it's evaluating whether to reopen the mine.
Meanwhile, Kennedy says he retains control of the other minerals found in the mine. They include what are known as rare earth elements, which are used to make cellphones, laptops and other electronic devices.
He's also excited to revive interest in the radioactive mining byproduct thorium as an alternative energy source.
Thorium is now treated as hazardous waste, but Kennedy says Missouri can become a global leader by building a storage bank from which utilities could purchase thorium-power energy.
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