Nevada Claim Holders Form Coalition
October 2010 by Chris RalphUnlike producing mines, exploration companies and claim holders owning non-producing claims are not reaping a windfall of increased profits from the recent high prices for precious metals and other raw materials.
Asarco Inc. accepted a sweetened buyout offer from Phelps Dodge Corp., setting up a three-way, $2.9 billion deal that will make Phelps Dodge the world's largest copper producer.
Many miners who have hoarded their gold for years are now tempted by higher prices. Several friends with multiple pound nugget collections have sold them recently for cash.
“What A Difference A Day Makes.” That song title accurately describes the huge change in momentum that occurred March 11, 2008, when the central banks of the world announced their rescue plan for the beleaguered international credit system, which appeared to be crumbling right in front of their very eyes.
Senator Majority Leader Harry Reid, once a staunch supporter of mining and a voice of reason when dealing with public lands issues, seems to have changed his tune.
• California suction dredging regulations
• Draft Coho recovery plan for Southern Oregon, Northern California
The Bradshaw Mountains, southeast of the old territorial capital city of Prescott, contain traces of many old mines and the railroads that were built to serve them.
The Bawl Mill • Legislative and Regulatory Update • How to Handle Claim Jumping • The Bingham Canyon Copper Mine • Prospecting My Way Across Australia Pt I • Recreational Mining in the Cache Creek Mining District, Alaska • California and US Gold Panning Championships • Drywashing and Detecting for Gold • Melman on Gold & Silver