ME home
 
  SME FaceBook SME Twitter SME LinkedIn RSS Feed

Subscriber or
SME Member Log On

WEB-ONLY CONTENT

Go to SME eNEWS

MINING INDUSTRY EVENTS

2018 SME Annual Conference & Expo  - Conference
Feb 25, 2018 - Feb 28, 2018
PDAC 2018 International Convention  - Conference
Mar 4, 2018 - Mar 7, 2018
Aggregates Academy & Expo AGGI 2018  - Conference
Mar 6, 2018 - Mar 8, 2018
Society of Mining Professors Regional Conference  - Conference
Mar 12, 2018 - Mar 13, 2018

METAL PRICES


Au
Ag
Pt
Pd
Ni
Cu
Al
Pb

AGGREGATES
AND MINERALS
MARKETPLACE


http://aggregatesmineralsmarketplace.com
The Mining Engineering, SME and NSSGA
Online Buyers Directory Site
The Online Global Mining and Minerals Library Site

Questa molybdenum mine to close
June 3, 2014

The Questa Mine, owned by Chevron Mining Inc., is closing because of low molybdenum prices.

Chevron Mining announced that it would shutter the 100-year-old molybdenum mine in New Mexico and that 300 workers would be laid off.
The workers were given 60-day notices, Chevron spokeswoman Margaret Lejuste told the Albuquerque Journal.

The mine has faced many ups and downs over the past century, but this time, "I think it's a final closure," said Mark Gallegos, mayor of the village of Questa. "Having a closure plan in the process, we knew the day was going to come — we didn't know it was going to be today."

Lejuste said Chevron expects cleanup and remediation of tailings ponds to take around 20 years.

In 2008, Chevron reached an agreement with the town to create an annual $320,000 fund partly to create other sources of revenue for villagers.
 

Related article search: