SUPERIOR, Ariz. (AP) — Outside of an aging mining town in the mountains east of Phoenix, a copper company has burrowed a shaft 1.3 miles into the high desert landscape in what is believed to be the deepest such mine in the U.S.
Resolution Copper Mining says the mine will usher in a new era of prosperity for Arizona, bringing in the equivalent of roughly a $1 billion worth of revenue annually for about 60 years in a state still trying to emerge from the housing bust.
ST. PAUL, Minn. (AP) — Environmental advocates trying to stop a proposed copper-nickel mine in northeastern Minnesota launched an ad campaign on Monday aimed not at the company behind the project but at Gov. Mark Dayton, hoping to persuade the Democrat to require stronger environmental protections.
The latest environmental review of PolyMet Mining Corp's open-pit mine, released by the Department of Natural Resources last week, did little to assuage concerns of a coalition of environmental groups called Mining Truth, despite finding that the mine likely wouldn't significantly impact water quality. In a statewide ad expected to begin airing this week, the group shows video of a massive spill of mining waste in Canada and calls on Dayton to reject the mine's waste storage system they say could result in a similar accident in Minnesota.
WASHINGTON (AP) — The Supreme Court ruled Monday that one of the nation's biggest law firms is not entitled to recover $5.2 million in legal fees it incurred in the course of a bankruptcy proceeding.
The 6-3 ruling said the firm Baker Botts could not collect additional fees it billed during a side dispute over whether the firm should be paid $117 million in fees earned representing Tucson-based copper-mining giant Asarco in the underlying bankruptcy.
An annual report from PricewaterhouseCoopers found the overall market value of mining companies is at a 10-year low in the face of lower prices, and firms cut costs and spending again last year, Reuters reports.
Molycorp Inc., the California rare earths mining company trying to keep afloat amid sliding prices, is expected to announce Monday that it is skipping an interest payment, which could lead to a bankruptcy filing this month, sources tell The Wall Street Journal.
Democrats on the Senate Energy Committee urged Tuesday that legislation to break the U.S. dependence on imports of critical minerals emphasize recycling. Republicans have drafted a bill that focuses more on mining.
Lawmakers at Senate Energy Committee hearing agreed that the country must find a way to generate more of its supply of critical minerals - used in energy and defense equipment and consumer electronics - domestically. But there was strong disagreement over how to do it and how much to spend on it.
Democrats criticized a bill proposed by Chairman Sen. Lisa Murkowski, R-Alaska, that would require the federal government to develop a list of critical minerals and metals, expand minerals job training and encourage officials to improve efficiency for permitting for mining projects on federal lands.
The Senate Energy and Natural Resources Committee to hold hearing on legislation a bill aimed to improve critical mineral security. United States Geological Survey Acting Director Suzette Kimball to testify.
GUATEMALA CITY (AP) — The general manager of a Guatemalan mine has been jailed following a 2012 complaint about contamination of a river with mining residue.
General manager Carlos Roberto Morales was jailed on a judge's order Monday, pending further investigation. The San Rafael mine said in a statement that it does not negatively impact the environment and would appeal the judge's decision.
In a speech to oil industry executives Tuesday, Royal Dutch Shell CEO Ben van Beurden is renewing his call for carbon pricing by governments, which he says will “level the playing field” for renewables and natural gas in the energy market, Bloomberg reports.
The nuclear industry is good at safety and physical security but lacking when it comes to cybersecurity, according to a report from the Chatham House think tank that points to a “culture of denial” when it comes to hacking, The Financial Times reports.
An analysis released Monday by the Pace Global Center for Liquefied Natural Gas concludes that overseas power plants burning LNG shipped from the U.S. still would release far fewer greenhouse gases than those burning local coal, FuelFix reports.
The Bureau of Land Management says Cadiz Inc., the company hoping to ship Mojave Desert groundwater to cities in Southern California, needs an environmental review for its pipeline right-of-way over federal land, the Los Angeles Times reports.
Traders were selling in the oil market early Tuesday to cash in on a big jump in the price on Monday. West Texas Intermediate crude lost 35 cents to $45.89 a barrel on the Nymex, while in London Brent fell 20 cents to $49.05, Reuters reports.
The Church of Jesus Christ of Latter-day Saints received the wattsmart Business Partner of the Year award from Rocky Mountain Power Monday, for conserving more than 16-million kilowatt hours of electricity in the eight years since partnering with the utility, the Deseret News reports.