Posts Tagged ‘Nevada Copper’

House Natural Resources Committee Passes Yerington Land Transfer Bill

By Nevada News Bureau Staff | 3:14 pm June 7th, 2012

CARSON CITY – The House Natural Resources Committee today passed, with bipartisan support, H.R. 4039, the Yerington Land Conveyance and Sustainable Development Act, which was introduced by Congressman Mark Amodei, R-Nev.

“I want to thank Chairman (Doc) Hastings and my colleagues on the Natural Resources Committee for their thoughtful consideration and support of this bill, which is of vital importance to the people of Yerington, Lyon County, and Northern Nevada,” Amodei said.

“I will continue to work with my fellow Nevadans and original cosponsors, Representatives (Shelley) Berkley and (Joe) Heck, as well as Majority Leader (Eric) Cantor, to bring the bill up for a timely vote before the full House of Representatives,” he said. “I am grateful for the attention the committee has given to the legislation to facilitate its movement. I look forward to the bill’s final passage in the House and its arrival in the Senate where I trust it will encounter the same display of bipartisanship. Go Harry Reid and Dean Heller.”

Rep. Mark Amodei, R-Nev.

The bill would convey approximately 11,000 acres of land administered by the U.S. Bureau of Land Management to the City of Yerington for economic, recreational, and cultural development. The city and Lyon County are seeking to leverage the substantial infrastructure investments being made by Nevada Copper at its nearby Pumpkin Hollow project.

Nevada Copper, which broke ground on the Pumpkin Hollow project in February, invested nearly $50 million in exploration to justify the $1 billion investment necessary to fully develop the mine. The mine will produce 250 to 300 million pounds of copper per year. The initial shaft sinking is already producing economic benefits with the creation of 30 to 40 jobs. An additional 250 to 500 construction jobs could start in 2013 if the land transfer is successful. At full operation in 2015-2016, Pumpkin Hollow is projected to employ 750 to 800 people directly.

 

Yerington Public Lands Bill To Get DC Hearing Next Week

By Nevada News Bureau Staff | 12:24 pm April 13th, 2012

CARSON CITY – Rep. Mark Amodei, R-Nev., is praising the decision by the House Natural Resources Subcommittee on National Parks, Forests and Public Lands to hold a legislative hearing for H.R. 4039, the Yerington Land Conveyance and Sustainable Development Act, on Tuesday.

The hearing is an important first step before the bill can be marked up by the committee and brought to the House floor for consideration.

“For more than four years, the city of Yerington and Lyon County have worked on this sustainable development plan to enable all community stakeholders to benefit from an increase in adjacent private lands,” Amodei said in a prepared statement. “The conveyance of Bureau of Land Management (BLM) land would enable the city and county to grow while providing needed tax revenue and the potential for hundreds of long-term, high-paying jobs.”

The bill would convey approximately 10,000 acres of BLM land to the local governments for industrial, recreational and cultural development. The transfer would allow the governments to leverage the substantial infrastructure investments being made by Nevada Copper at its nearby Pumpkin Hollow project.

It is being sponsored by Amodei, along with Nevada Reps. Joe Heck, R-Nev., and Shelley Berkley, D-Nev. U.S. Sen. Dean Heller, R-Nev., has introduced companion legislation in the Senate.

The Pumpkin Hollow project is a new copper mine being developed by Nevada Copper. A ground-breaking ceremony for construction of the mine was held in February.

“Nevada’s unemployment rate is the highest in the nation and Lyon County’s is the highest in Nevada,” Amodei said. “According to the Nevada Department of Employment, Training and Rehabilitation, in February roughly 6,500 Nevadans gave up looking for a job and left the labor force all together. If we’re serious about the economy, then this community-driven plan, with no cost to taxpayers, is exactly the sort of thing the federal government needs to fast-track.”

Amodei, elected to the 2nd Congressional District seat in a special election in September, is a member of the House Natural Resources Committee.

Nevada Copper invested nearly $50 million in exploration to justify the $1 billion investment necessary to fully develop the mine. The mine will produce 250 to 300 million pounds of copper per year. The initial shaft sinking is already producing economic benefits with the creation of 30 to 40 jobs. An additional 250 to 500 construction jobs could start in 2013 if the land transfer is successful. At full operation in 2015-2016, Pumpkin Hollow is projected to employ 750 to 800 people directly.

Nevada Mining Industry Expects To Add At Least 1,200 Jobs This Year

By Sean Whaley | 11:16 am February 9th, 2012

CARSON CITY – Nevada’s mining industry is stepping up to Gov. Brian Sandoval’s challenge asking businesses and all economic partners to help create 50,000 jobs over the next three years.

The Nevada Mining Association recently conducted an informal survey of its members and has estimated the industry will add 1,200 jobs this year, both in precious metal and industrial mineral production across the state. The survey could be underestimating the number of mining jobs being created this year since not all mining operations are members of the association.

This compares to 500 jobs created in the natural resources and mining sector reported in the 12 months through December 2011 by the Nevada Department of Employment, Training and Rehabilitation on Jan. 23. There were 12,900 jobs in this sector as of December.

Mining has remained a bright spot in the jobs arena during Nevada’s long running economic downturn.

Courtesy of Barrick Gold Corp.

Nevada’s unemployment rate has begun to come down, but remained the highest in the nation in December at 12.6 percent.

“The precious metals mine operations are growing, expanding, starting up new operations,” said Tim Crowley, president of the Nevada Mining Association. “In addition to that there are a lot of industrial mineral mines that are coming on line. They may not be in production in 2012 but they’re working through the permitting process and getting closer to putting people to work.”

The survey does not count all the ancillary jobs related to mine operations either, Crowley said.

“With every new job at a mine site, we get 4.25 new jobs in the supply chain,” he said. “So there’s significantly more growth than what we’re accounting for in that survey.”

Examples are Cashman Equipment, a Henderson-based equipment company that will add 50 jobs this year just to serve its mining customers and Komatsu equipment, expected to add 15 jobs for the same reason.

One industrial mine expected to open this year if the permitting process is finalized as expected is General Moly’s Mt. Hope molybdenum project near Eureka, which is expected to ultimately employ 400 people. Molybdenum, or “moly” is a metal added to stainless steel to make it stronger, lighter, more rigid and noncorrosive.

“That’s a fantastic new project,” Crowley said. “Its applications are huge.”

Another project that is expected to see construction but not actual mining is Nevada Copper’s Pumpkin Hollow project in Lyon County, the Nevada county with the highest unemployment rate. The rate was 17.2 percent in December. The construction will add much-needed jobs, he said.

Crowley said the high price of gold has created a huge demand and has spurred the growth and expansion in precious metal mining in Nevada.

“We’ve had some great finds in the last couple of years,” he said. “Newmont has a couple of really big developments in the works. Barrick has some big developments. You name a mine site and they are in development.”

The association survey found that Barrick Gold Corp.’s recent expansions will bring on an estimated 300 jobs at its Cortez site. Newmont is expected to add 250 jobs company-wide.

Courtesy of Barrick Gold Corp.

The price of gold has also led to the reopening of some mining operations, Crowley said.

“There’s an old mine that has been reopened and is booming, a couple of them, in a big way,” he said. “The Hycroft mine out of Winnemucca, which is run by a company called Hycroft, (Allied Nevada Gold Corp.) and the Hollister mine which is run by a company called Great Basin Gold, they are both back up and running and employing people and growing.”

The Hycroft mine is expected to add 113 jobs this year. The mine is seeing major production increases in both gold and silver.

The high gold prices have allowed companies to invest in more efficient equipment to mine lower grade ores, Crowley said.

“We’re able to invest in looking for more ore bodies so we have the resources to do it right now,” he said. “Our future is really bright and we’re here for the long haul.”

Jered McDonald, an economist with the state Department of Employment, Training and Rehabilitation, said he expects to see the mining sector begin to grow at a faster rate.

“It really has to do with the length of time that it takes for these operations to get up and running,” he said. “It can take up to seven years for all the permitting processes to go through. I think going forward, yes, we’re going to start to see more and more mining jobs.”

Gold prices are expected to remain high as long as the economy continues to struggle, which is anticipated for at least the next couple of years, McDonald said.

“So we expect gold prices to stay high and employment in mining to increase,” he said.

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Audio clips:

Tim Crowley, president of the Nevada Mining Association, says the state is seeing growth in precious metals and industrial mineral mining activity:

020912Crowley1 :28 people to work.”

Crowley says for every mine site job there are 4.25 jobs in the supply chain:

020912Crowley2 :15 in that survey.”

Crowley says old mines have reopened because of the high price of gold:

020912Crowley3 :26 people and growing.”

Jered McDonald, an economist with the state Department of Employment, Training and Rehabilitation, says he expects to see a higher rate of mining job growth:

020912McDonald1 :36 more mining jobs.”