Iron Miners
It is currently Mon Nov 20, 2017 10:45 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 3 posts ] 
Author Message
 Post subject: Ashdown Moly Mine in NV to shut down.
PostPosted: Mon Dec 29, 2008 3:29 pm 
Offline

Joined: Sat Jul 28, 2007 3:48 am
Posts: 70
Location: Stockton, Ca
Hi all, I just found ou that the mine I used to work at was recently put into a stand down and maintanance posture after prices in Moly dropped subsatncially in November.
Here is the website: http://www.golden-phoenix.com/ashdown.htm

What a bummer, this mine was THE highgrade moly mine to beat all others, but such is life of the business I guess. Have a great week everybody!

_________________
Erik Novoa
Miner/ Railroader


Top
 Profile  
 
 Post subject: Ashdown Moly Mine in NV to shut down
PostPosted: Mon Jan 19, 2009 12:11 am 
Offline

Joined: Wed Jan 14, 2009 12:33 am
Posts: 32
Location: London ON
What would be the dollar threshold on Moly to put the mine back on line
? Any idea?

_________________
Neeb?


Top
 Profile  
 
 Post subject:
PostPosted: Mon Jan 19, 2009 4:52 pm 
Offline
Site Admin

Joined: Mon Jun 20, 2005 11:33 pm
Posts: 3088
Location: Above the Sterling Hill Mine
That's really too bad about that... Looking on the website:

---

November 21, 2008

The Ashdown mine was placed on care-and-maintenance following the drop in worldwide demand for molybdenum oxide during the past 30 days. With prices for moly falling below $10 per pound, the Management Committee directed the mine and mill staff to immediately put into place a reduction in force as of last week. A member of the Committee has been on site to direct the operations, and equipment and supplies are being secured, supervisory agencies and vendors notified, and security measures inacted in order to maintain the infrastructure and await the outcome of future pricing moves. The mine remains on stand-by status, with permits in place.

---

So it looks like moly dropping below $10 a pound may have been what did this mine in. Perhaps after the recent recession, prices for moly could go back up. Being that the mine's permits are still in place and the mine is probably still being dewatered, the chance still remains of the mine opening back up.

Miner Greg


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 3 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group