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    News From The Mining World

    Asarco proposes environmental settlement for mine near Green Valley:
    Bloomberg News, Tucson, Arizona, March 17, 2008:
    Asarco LLC is proposing a settlement in an environmental claim over the Mission Mine, near Green Valley, setting up another clash with its parent company. Tucson-based Asarco proposed an environmental claim settlement on March 14 that will cost more than $33 million in cash.
    Asarco intends as part of the Chapter 11 reorganization to assume its obligations regarding the mine — at almost two miles square, one of the biggest copper mines in the country. Assumption requires Asarco to cure any outstanding defaults and prove it can perform in the future. Standing in the way of assumption are $661 million in claims filed by various governmental and other entities over rights in the mine. The entities include parts of the U.S. Department of the Interior and the Tohono O'odham Nation of American Indians. More......

    True North Gems announces independent “cut” valuation results for ruby and pink sapphire from 2006 Greenland bulk sample:

    Vancouver, January 17, 2008: True North Gems (TGX: TSX-V) is pleased to announce independent wholesale market price valuation results for cut and polished stones from the Company’s 30 tonne 2006 ruby and pink sapphire bulk sample. The valuations have been estimated for a statistically representative sample (a 1/8th split) of faceted and cabochon ruby and pink sapphire recovered from the 30 tonne Aappaluttoq bulk sample collected as part of the 2006 exploration program at the Company’s 823 km2 Fiskenaesset Ruby Project located on the west coast of Greenland.

    Highlights:
    Independent cut stone “wholesale market price valuations” were completed on a representative split of faceted and cabochon rubies and pink sapphires from the 2006 Aappaluttoq bulk sample. A total value of US$123,266 has been assigned to the entire 5,224.10 carat parcel of ruby and pink sapphire (US$ 23.60 per carat) with a total value of US$ 26,188 assigned to 471.83 carats of faceted ruby and pink sapphire ($US 55.5 per carat). More......



    PHOENIX, AZ (Cronkite News Service) - At first glance, a truck tire seems out of place among the monuments and tributes near the Arizona State Capitol. But it isn't just any truck tire. This one is as tall as Phoenix Suns star Amare Stoudemire - standing on Steve Nash's shoulders. It's next to a shovel scoop that could hold a monster truck. Big as they are, these items are only parts of massive machines that work in the state's mines, and they are a reminder that Arizona continues to produce about two-thirds of the copper mined in the United States. More......



    Mining for Water

    Here’s how Mining for Water started… In 2004 Orezone CEO Ron Little heard about a boy drilling wells in developing countries. This boy was Ryan Hreljac, the teenage founder of the Ryan’s Well Foundation (RWF). Since the age of 6, Ryan has been educating and motivating people of all ages on water and sanitation issues. RWF began with one well built from savings for household chores, and has now grown to a non-profit organization that has drilled 196 wells in 10 countries – and continues to grow. Intrigued by Ryan’s amazing story, Ron sought a meeting with the young leader and was inspired to get the mining community on board. With operations in many developing countries, as well as powerful drills and experienced crews already on the ground, surely they could help such a worthy cause? Almost immediately, the Mining for Water Challenge was born. More......

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