Further very positive developments... The next copper mine to open up in Arizona ? And very high grade...$$$
Oracle Mining unit signs MOU to develop Oracle Ridge
2012-07-11 03:50 PT - News Release
Mr. Doug Nicholson reports
ORACLE MINING SIGNS MOU WITH PIMA COUNTY FOR RE-START OF THE ORACLE RIDGE COPPER MINE; COMPANY HAS DEMONSTRATED A WILLINGNESS TO WORK COOPERATIVELY, COUNTY SAYS
Oracle Ridge Mining LLC (ORM), a wholly owned subsidiary of Oracle Mining Corp., has signed a memorandum of understanding (MOU) with Pima county in Arizona for the development of the Oracle Ridge copper mine located in the county.
Yesterday, the county board of supervisors unanimously approved a resolution in support of ORM's proposal to reopen the Oracle Ridge copper mine, as well as approved and ratified the MOU between Pima county and ORM. The county has previously supported ORM's air permit and domestic waste water treatment plan.
"Pima county is a key partner in the return of the mine into operation, and we are pleased to formalize our established, co-operative approach through the signing of an MOU on the Oracle Ridge copper mine project," said Doug Nicholson, Oracle Mining's chief executive officer.
As part of its commitments in the MOU, Oracle Mining will use the highest environmental and technological standards to minimize potential impacts of the project on the environment. The corporation also intends to exchange approximately 133 acres of private land for certain county land that lies between the mine site and the tailings facility. Further, Oracle Mining intends to provide at least an additional 300 acres of land to the county as mitigation for potential impacts related to operation of the project.
The county estimates that the jobs created by restarting the Oracle Ridge copper mine would provide more than $200-million in economic benefits annually to the local economy, as well as generate more than 600 direct, indirect and induced jobs in the region.