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.

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
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, showed how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningful f...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software sec...
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...