Welcome!

News Feed Item

Nevada Copper Advances Lyon County Bill

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/14 -- Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or "Company") is pleased to provide an update on the Lyon County Economic Development and Conservation Act (the "Lyon County Bill"). Passage of the Lyon County Bill will accelerate the permitting timeline for its Stage 2 Open Pit Mine at its 100% owned Pumpkin Hollow copper project located in Yerington, Nevada.

Highlights:

--  Nevada Copper advances the Lyon County Bill in the House of
    Representatives ("House") by a unanimous vote in the House Committee on
    Natural Resources ("House Committee"); 
    
--  On Wednesday, July 30, 2014, the House Committee passed a revised bill
    (H.R. 5205) that includes the Lyon County Bill. This bill was first on
    the Committee's agenda and was "reported favourably" meaning it is
    recommended for passage by the House; 
    
--  Passage of the Lyon County Bill by the House, Senate and signature into
    law, will accelerate permitting and development of the much larger Stage
    2 Open Pit Mine (described below) by 2 to 3 years.

The bill that was reported, H.R. 5205, the Northern Nevada Land Conservation and Economic Development Act, includes several land conveyances involving public lands in northern Nevada designed to promote economic development and conservation, and for other purposes. http://naturalresources.house.gov/uploadedfiles/hr5205amodei_.pdf.

The Lyon County Bill is included in H.R. 5205, along with other northern Nevada bills. The language of the Lyon County Bill within H.R. 5205 is the same as previous versions of the Lyon County Bill introduced as H.R. 696 in February 2013 and H.R. 433 introduced in January 2014. H.R. 433 was marked up by the House Committee with amendments, and reported favorably on January 28, 2014. However, objections by some members of the House Committee to those amendments made passage in the House of Representatives more difficult. None of the objections related to the Lyon County Bill, but rather to another section of H.R. 433. This new House bill (H.R. 5205) includes amendments to resolve those objections and sets it up for passage with bipartisan support. The House of Representatives returns on September 8 and is expected to take up and pass a number of non-controversial bills, including H.R. 5205.

Timothy M. Dyhr, Vice President, Environment and External Relations, stated: "Though the Lyon County Bill is categorized as a land bill, it is really one of the most significant economic jobs bills in the 113th Congress. It is a balanced, bipartisan bill that has overwhelming local and State support, including that of Nevada Governor Brian Sandoval. The bill has been in development for several years and has not changed since introduced in late 2012. It would be a major accomplishment for the House to pass such a significant, bipartisan economic bill as one of new House Majority Leader Congressman Kevin McCarthy's first actions."

In the Senate, on July 24th Senator Dean Heller introduced amendments to Senate Bill S.2569 - the Bring Jobs Home bill - that also includes the Lyon County Bill. This move indicates that the Nevada delegation is aggressively pursuing passage in the Senate. http://passbillscreatejobs.com/2014/07/24/breakthrough-heller-files-job-creating-amendments-to-bring-jobs-home/.

Nevada Congressman Mark Amodei and Congressman Steven Horsford continue to make the Lyon County Bill their top priority. In the Senate, both Nevada Senate Majority Leader Harry Reid and Senator Dean Heller support the Lyon County Bill and are working together to make sure it gets passed as soon as possible on a bipartisan basis.

Passage of the Lyon County Bill in 2014 would expedite the large Stage 2 open pit by 2-3 years with receipt of State permits in 2015. Stage 2 would add over 950 jobs to the Stage 1 Underground mine (450 jobs), creating a combined total of over 1,400 direct jobs and thousands of construction and indirect jobs in Lyon County, a county with the highest unemployment rate in Nevada (10.6%).

About Nevada Copper

The Company's advanced stage Pumpkin Hollow project in Nevada consists of a fully permitted, 6,500 tons/day Stage 1 underground copper mine development, currently in construction, and a nearby Stage 2, 70,000 tons/day open pit mine project in the advanced permitting phase. Expected average copper production for the first five years is 75 million lbs/year from the Stage 1 underground mine and 221 million lbs/year from the Stage 2 open pit mine.

The project is located near Yerington, Nevada, close to road, rail, and power infrastructure, and with all future water supply requirements met.

For further information please visit the Nevada Copper corporate website (www.nevadacopper.com) and the Pumpkin Hollow project website (www.pumpkinhollowcopper.com).

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

We seek safe harbour.

Contacts:
Nevada Copper Corp.
Eugene Toffolo
VP, Investor Relations & Communications
604-683-8266 or Toll free: 1-877-648-8266
[email protected]

Nevada Copper Corp.
Robert McKnight, P.Eng., MBA
Executive Vice President & CFO
604-683-1309
[email protected]
www.nevadacopper.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.