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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.
Friday, May 15, 2015
BY KIM MOORE | RESEARCH EDITOR
The Portland Bureau of Transportation is seeking input from businesses on a $5.5 million initiative to create a network of biking, transit and pedestrian trails within Portland’s central city.
Friday, May 22, 2015
BY LINDA BAKER | PHOTOS BY JASON E. KAPLAN
As the recession recedes and tourism grows, Central Oregon resorts redefine themselves for a new generation.
Wednesday, May 27, 2015
BY LINDA BAKER | EDITOR
More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.
Friday, May 22, 2015
BY HANNAH WALLACE
Travelers have always come to Oregon for its natural beauty. But will the increasing popularity of agritourism, European-style hiking getaways and forest resorts relax Oregon's notoriously strict land-use laws?
Thursday, May 21, 2015
BY JASON NORRIS | GUEST BLOGGER
Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
Friday, May 22, 2015
BY CHRIS NOBLE
The right sunglasses can protect your eyes and look cool at the same time. This being the 21st century, select shades are socially conscious, too. Portland brand Shwood uses wood and other natural materials and manufactures locally. Founded by Ann Sacks, the brand Fetch dedicates a portion of its profits to animal welfare. But whether you choose classic tortiseshell or aviator chic, please, shed the sunglasses when you walk in the door — and, of course, at night.
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