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|Articles - August 2011|
|Wednesday, July 20, 2011|
By Ben Jacklet
A Canadian mining company is gathering permits and underground data in preparation for developing the first large-scale gold mine in Oregon in decades, as the price for gold hovers at $1,600 per ounce.
Calico Resources, based in Vancouver, BC, has purchased an option to buy mineral rights to the Grassy Mountain site south of Vale, in an unpopulated portion of Malheur County. Calico President William Wagener says the rough plan is to spend three years on exploration and then build a 100-employee operation to remove and process 1,000 tons of material per day. He estimates the company would invest $80 million to $100 million in the project, and he insists that no pollution would be left behind.
“We take great pride in being able to design a mine with reclamation in mind, to operate it in an environmentally responsible manner, and then close it and make it pretty,” Wagener says. “We view this as a matter of pride, to do things right.”
A variety of companies including Newmont Mining, the world’s largest mining company, have spent $33 million exploring the area, and drilling over 400 holes. Low gold prices of $250 to $300 per ounce halted exploration there in the 1990s, but gold prices have risen steadily amid the economic uncertainty of recent years. At the current price, the estimated 924,000 ounces of gold at Grassy Mountain are worth $1.3 billion.
The U.S. is the world’s third-largest producer of gold, behind China and Australia. About 80% of domestic gold is mined in large open pits in Nevada, where loose environmental regulations enabled vast exploitation. Gold was big business in Eastern Oregon from the 19th century through the 1950s, but growing unease about pollution has shut down the industry in recent decades.
Wagener says the strong price for gold and improved mining technology would allow Calico to remove Grassy Mountain gold selectively, without creating a huge open pit and contaminated tailings ponds. The company is planning a 150-acre operation, compared to past plans for an 1800-acre footprint.
“Technology has moved on,” says Wagener. “You can do a lot more with smaller stuff than you could before.”
Wagener expects exploration to last about three years, followed by five to eight years of mining (depending on how much gold they find) and an eighteen-month cleanup that would remove all buildings and cap all disturbed areas. Calico has received approval from Oregon’s Department of Geology and Mineral Industries but still needs to earn permits from the U.S. Bureau of Land Management and the Oregon Department of Environmental Quality.
Wednesday, August 19, 2015
BY LINDA WESTON
In 1996, after a 17-year career in the destination marketing industry, where I gained national standing as the CEO of the Convention & Visitors Association of Lane County, I was recruited by the founders of a new professional basketball league for women. The American Basketball League (ABL) hoped to leverage the success of the 1996 USA women’s national team at the Atlanta Olympics — much like USA Soccer is now leveraging the U.S. Women’s National Team’s victory in the World Cup. The ABL wanted a team in Portland, and they wanted me to be its general manager.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Monday, August 03, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
You may have noticed the photos of our rural health innovators departed from the typical Oregon Business aesthetic.
Wednesday, August 19, 2015
BY LINDA BAKER
In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
Friday, August 21, 2015
Renee Spears, founder and owner of Portland-based Rose City Mortgage, is hot to trot to sell pot.
Friday, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
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Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Every once in a while we receive a letter in the (fictional) mailbag that is tough to describe and quite compelling. This week, Isabel, the new HR manager at LabCo (and someone who is new to HR), wants to know whether she may fire the owner’s son for having an Oregon medical marijuana card. In passing, Isabel also makes a number of alarming admissions about her motivation. Here is Isabel’s nerve-racking question and our response to it.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.