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The SC Museum Presents Brown Bag Lunch Lecture

August 29, 2015 Local News Releases
Joe Harris will give a lecture and trunk show at the Silver City Museum Annex at 302 W Broadway in downtown Silver City on Saturday, September 5, from 1 to 2 pm. Information and discussion of minerals of Southwest New Mexico and Southeastern Arizona used by Native Americans in jewelry making for thousands of years Joe Harris has been recognized as an authority of Native American Trading by the…

GRMC Board of Trustees hears about improvement in finances

By Mary Alice Murphy

As is traditional at the beginning of a Gila Regional Medical Center Board of Trustees meeting each month, employees are recognized for their service.

On Friday at the regular board meeting, Clara Dean received recognition for her 25 years working at GRMC. She said she started as a volunteer, then got a job in admissions, served next as a surgery clerk and most recently has worked in radiology.

Monica Sedillo, who was not present, has served the hospital for 15 years, most recently in the operating room. Read more...

Freeport-McMoRan to implement layoffs at Tyrone Mine

By Mary Alice Murphy

According to a release sent to Freeport-McMoran Copper and Gold Inc. Community Partnership Panel members, the company has revised operating plans at several of its U.S. operations.

"Chino Mine will see no changes to our current mine plan," the release states. "The mine plan at Tyrone will temporarily reduce the mining rate by 50 percent. The transition has begun." Read more...

Irish Dave visits American Legion Post 18 in Silver City to honor WW II paratrooper, Dan McBride

Photos and Article by Mary Alice Murphy

David A. Ashe, called "Irish Dave," is, well, an Irishman, who bought a piece of property in France, in Normandy. He came to Silver City this week to visit with one of the paratroopers—Dan McBride—who fought on and saved the portion of Normandy from German hands during World War II.

The Allingham-Golding American Legion Post 18 in Silver City held a reception for Ashe and McBride, an American Legion member, on Thursday afternoon.

Read more...

Freeport-McMoRan Statement Regarding Carl Icahn Filing

PHOENIX--(BUSINESS WIRE)-- After the close of the market on August 27, 2015, Carl Icahn filed a Schedule 13D regarding the acquisition of interests in Freeport-McMoRan Inc. (NYSE: FCX).

FCX maintains an open dialogue with our shareholders and welcomes constructive input toward our common goal of enhancing shareholder value.

Earlier today, FCX announced revised capital and operating plans in response to the recent decline in commodity prices resulting in reduced capital expenditures, lower production levels and lower operating, administrative and exploration costs. Today’s actions, along with the August 5, 2015 announcement of reduced oil and gas capital expenditures, are the results of the previously announced review of operating plans. The steps we are taking to reduce costs and capital expenditures will strengthen our financial position during a period of weak and uncertain markets and preserve our large resource base for improved future market conditions. Read more...

Grant County Commission declares water emergency for Hanover Water Association

By Mary Alice Murphy

Grant County Commission Chairman Brett Kasten, before the vote on the agenda for the regular meeting on Thursday, Aug. 27, noted that an addition had been made for a declaration of disaster because of the Vanadium water line break.

"The residents of Vanadium have been without water for several days because of a water line break in the Hanover Domestic Water Association lines," Kasten said. "The governor's office has asked for the declaration of disaster as they try to repair the line and provide water to residents." Read more...

Breaking News: County Commission approves expansion to five members

By Mary Alice Murphy

During the public hearing Thursday at the regular commission meeting on whether to expand the Grant County Commission to five members, two spoke—one for, one against.

George Ruebelmann, county resident, encouraged the commission to vote to approve the five-member commission. He asked where it was specified that it be a unanimous vote.

Commissioner Ron Hall said a constitutional amendment required the unanimous vote.

Read more...

Freeport-McMoRan Announces Further Spending Cuts in Response to Market Conditions

PHOENIX --(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX):

• 25% reduction ( $700 million ) in estimated 2016 Mining capital expenditures
• Projected consolidated 2016 capital expenditures for Mining and Oil & Gas estimated at $4.0 billion  - 29% reduction from July 2015 estimates.
• Reduction in copper sales of 150 million pounds per year in 2016e and 2017e
• 20% reduction in estimated 2016 unit site production and delivery costs compared with 2015e
• Actions enhance outlook for Free Cash Flow generation at low prices

Freeport-McMoRan Inc. (NYSE: FCX) announced today revised capital and operating plans in response to the recent decline in copper prices resulting in reduced capital expenditures, lower production levels and lower operating, administrative and exploration costs. These actions are the results of the previously announced review of operating plans for FCX’s mining business. Read more...

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