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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.-- Continue reading

Cobre School Board explains why minutes are not posted online before the meeting

Toy Sepulveda, board president, opened the public portion of the August 25 Cobre school board meeting at about 7:20 p.m. He announced that the earlier closed session had started at 6:00 and all board members were present. They had discussed student identifiable information and limited personnel, but no decisions had been made.

As there was no unfinished business, Public Input came next and Linda Pafford of Mimbres was able to state her opinions regarding the on-line minutes. She said it was helpful to have the attachments added, but reminded them that the July 27 minutes were not up until yesterday, August 24. She quoted the New Mexico Open Meetings act, reading from section 10-15-1 paragraph g, and said she requested minutes prior to the next meeting.-- Continue reading

Council approves amendments to animal ordinance mandating leashing and proper care

By Roger Lanse

The Silver City Town Council approved amendments to Sections 6-187 and 6-190 of the town’s municipal code regarding animals running loose and the providing of proper care and maintenance, sponsored by District 1 Councilor Cynthia Bettison.

One amendment is “really is to ensure that folks have their animal on a lead when they’re out in public,” Bettison said. The other amendments prohibit single-point tethering of animals whether on public or private property, with exceptions for working, hunting, or search and rescue dogs. For those pet owners who have no enclosure or fenced yards, a trolley system of tethering is recommended. Access for the dog to shelter, fresh water and fresh food is the driving force behind the ban on single-point tethering, Bettison said.-- Continue reading

The old Fort Bayard Medical Center building will soon begin tumbling down

The old Fort Bayard Medical Center building will soon begin tumbling down

The back and side of the old Fort Bayard Medical Center, which will soon be demolished.

By Mary Alice Murphy

At the 149th Birthday celebration of the founding of For Bayard in 1866, participants were treated to a short presentation by Florence Bowers about her husband's great-grandfather, a Buffalo soldier who served at Fort Bayard, almost simultaneously with the founding; ragtime and fiddle music from the 1912 era; and a report on the demolition of the old Fort Bayard Medical Center facility. That Saturday evening, only posts stood where the chain link fence would be put in place on Sunday. By Monday, access to the area was limited.

-- Continue reading

Grant County Commissioners review Thursday regular session agenda

By Mary Alice Murphy

The first items on the regular agenda for Thursday's meeting at 9 a.m., after public input, were mentioned briefly at the Tuesday, Aug. 25, Grant County Commission work session. They are the last public hearing for and a vote on a proposed ordinance to increase the commission to five members.

Following that vote, commissioners will hear the financial report, which was previewed at the work session. Financial Officer Linda Vasquez reported the expenditure total for the month ending Aug. 24 was $3,129,666.17. It included three pay periods and an academic incentive for a total of $616,324.02.-- Continue reading

Grant County Water Commission continues to seek funding for regional water project

By Mary Alice Murphy

Alex Brown, Town of Silver City manager and chairman of the Grant County Water Commission, at the group's meeting last Thursday afternoon, called on Gary Berg of Engineers Inc. for an update on the regional water project.

The project will connect wells near the Grant County Airport, utilizing water rights owned by Silver City, to provide water to Hurley, which at present has no water of its own, and by extension through Bayard, Santa Clara and all the way back to Silver City to provide supplemental water as needed to the municipalities and water associations along the way.

"We've been doing some work near the airport," Berg said. "We have an access ramp pushed to drill the west test well. This week we should get the specifics, then get quotes from drillers. I expect drilling by the end of the month."-- Continue reading

Tour Of Gila Funds To Benefit Lanny Olson Scholarship

Tour Of Gila Funds To Benefit Lanny Olson Scholarship

Pictured are Lanny Olson's daughters Jennifer and Ashley; WNMU President Joseph Shepard, Jack Brennan and Jill Olson.

Silver City, NM - For a moment in time, it seemed like the 2015 Tour of the Gila would not happen due to lack of funding. The generosity of an anonymous donor and a successful crowd funding campaign brought the race to life and excess dollars for charity.

-- Continue reading

NM-90-Hudson Street Bridge photos 082415

NM-90-Hudson Street Bridge photos 082415

The anonymous photographer stood on the north side of the bridge construction site and was intrigued with the construction methods.

 

-- Continue reading

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