As Attorney Karen Johnston at Jackson Kelly says, “there can be few things as dry as a federal agency’s Congressional Budget Justification but the 85-page document that the Mine Safety and Health Administration (MSHA) recently released to justify its FY2011 budget submission to Congress has some interesting information for mine operators. The budget submission reflects the agency’s expected emphasis on health issues and impoundments and references the recently-announced enforcement program for priority standards.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2010) - Augusta Resource Corporation (TSX: AZC.TO)(NYSE Amex: AZC) ("Augusta" or the "Company") is pleased to announce that it has entered into an agreement with TD Securities Inc. and Wellington West Capital Markets Inc. as joint lead managers and joint bookrunners, which will include a syndicate of underwriters (collectively, the "Underwriters"), for the issuance of 11,820,000 common shares (the "Shares") of the Company, on a bought deal basis, at a price of Cdn$2.75 per Share for gross proceeds of Cdn$32,505,000.
Recently the Inspectors from the Arizona Mine Inspectors office made a Health & Safety Inspection of Denison’s Arizona 1 mine. The mine is located north of the Grand Canyon and forty five miles from Fredonia Arizona. ASMI Inspectors discovered the underground uranium mine is now fully permitted and began production mid December of 2009. The mine shaft sunk in the mid 80s was closed and made secure, then after twenty years Uranium mining in Arizona makes a comeback. The hoist, shaft and underground were rehabilitated, starting in late 2007 a ventilation and secondary escape way completed in 2008.
The mining method will be a combination of long hole and shrinkage stoping methods in a breccia type deposit. Current production is set for 340 tons per day, four days a week. The ore is trucked 315 miles to the Denison’s White Mesa mill in Utah for processing.
The other Denison properties in Arizona include the Pinenut which was in production during the 80’s and is in care and maintenance awaiting permits. The Canyon was never fully developed and is a secure site. The Kanab North was mined and closed in the 80’s and is now secure. The EZ1 and EZ2 have not been developed.
Joe Hart is the Arizona State Mine Inspector. He is a 4th generation Arizonan and was born and raised in Kingman. His family has been involved in mining in Arizona since the late 1800’s owning and operating mines in Arizona. Joe has been married to his wife, Rhonda for 42 years and they have 4 daughters and 8 grandchildren.
Upon graduation, Joe went to work for the Duval Mining Corporation. During his 20 years with Duval he learned every aspect of the mining operations. He worked as Safety Supervisor until the mine closed in the early 1980’s. This time spent has built a solid relationship with miners, engineers, geologists and mine owners alike. At that time Joe and his wife Rhonda purchased New West Broadcasting and have been in the radio and television business for 25 years.
Joe also served for 10 years in the Arizona House of Representatives. during his tenure he served four years as Speaker Pro Tempore. Joe Hart is a proven leader who understands the issues affecting the Arizona mining industry. Joe is a staunch advocate for mine safety, reclamation, strong leadership and integrity. In addition, Joe is a strong advocate for private property rights.