InfoAnda - Company: Cobalt mining in Idaho to start in 2011

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Rebels clash with Gaddafi loyalists in rebel-held east | | 31 July 2011
Year after Lehman collapse, Obama charts new course | 14 September 2009
Iranian leader faces criticism from inside and outside | | 14 September 2010

U.N. investigator wants more freed in Myanmar | | 13 October 2011

Forum Views () Forum Replies ()

Read more with google mobile : Company: Cobalt mining in Idaho to start in 2011

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Africa Europe Latin America Middle East North America Company: Cobalt mining in Idaho to start in 2011 By JOHN MILLER,Associated Press Writer - Friday, December 11 Send IM Story Print BOISE, Idaho – Mining for cobalt _ an element used in hybrid car batteries and jet engines _ could get under way in the central Idaho mountains in 2011, after a Canadian company said it won initial federal approval for the plan. Formation Metals Inc. said Wednesday that winning the U.S. Forest Service's blessing for the first stage of its operations plan means workers can log the mining site and build roads in January. Chairman and Chief Executive Officer Mari-Ann Green said the Vancouver-based company aims to supply as many as 1,600 tons annually of 99.9 percent-pure cobalt to companies like United Technologies Corp.'s Pratt and Whitney unit, Rolls Royce Group Plc and Portland, Ore.-based Precision Castparts Corp. Cobalt is used in jet engines, hybrid vehicle batteries, prosthetic knees and hips, even radio frequency identification tags that help retailers including Wal-Mart Stores Inc. track their products. Mining is due to start in Salmon-Challis National Forest, about 200 miles northeast of Boise, in 2011 and could continue for 30 years, the company said. Green expects to employ 150 at the mine and another 77 people at the company's existing smelter 200 miles to the northwest in Kellogg, where the cobalt will be refined. Though the price of cobalt dropped from about $52 per pound in 2008 to $18 earlier this year, optimism that the worst of the recession is over is again pushing prices higher. It traded at about $23 this week, Green said. Canada's Formation has been exploring Idaho's Cobalt belt _ the U.S. government bulldozed trenches here during World War II to recover the chemical element for use in aircraft engines _ for 14 years. Exploration companies are hunting for cobalt from Duluth, Minn., to Cuba to rich deposits in Africa's Zambia and Congo, where much of today's cobalt supply is mined. Before this week's milestone, its efforts have been hampered by a financial crisis that followed the Sept. 11 terrorist attacks as well as complicated dealings with Xstrata Plc, a Swiss-based cobalt producer that indirectly owns a defunct mine next door that's on the federal Superfund pollution cleanup list. In April, Xstrata lost a federal appeal aimed at halting Formation's project. And three months ago, Formation won a separate state court order giving it access to cobalt mining claim across its Swiss rival's property. The Forest Service's approval this week marks another significant development, even though additional work, including planning for mining below the water table as well as for facilities construction, remains to be completed, said Forest Service District Ranger Kimberly Nelson. "There's a lot of technical reporting information that still needs to be established and created before they can go underground," Nelson said. "But this is a major step." So far, Formation has spent $50 million, including $17 million on permits. To complete the mine by 2011, it's finalizing a stock-and-debt deal with investors to raise another $140 million by the end of 2009, Green said. Formation must put up reclamation bonds totaling $29.6 million to address eventual impacts of its mine and has agreed to chip in another $150,000 annually for the life of the mine for watershed improvement projects. In return, the Idaho Conservation League, an environmental group, agreed in 2008 not to challenge the mine in court. The company has also worked with other groups including the Shoshone-Bannock Indian tribes to win support, Green said. "We've gone that extra mile," she said. "We're quite proud of the fact that none of those fellows are appealing the project." Recommend Send IM Story Print Related Articles Police end SF State Univ sit-in; 33 arrested AP - 53 minutes ago SF Bay schools phase out gay-friendly curriculum AP - 1 hour 15 minutes ago Netherlands reports 6 human deaths from Q fever AP - 1 hour 16 minutes ago Frigid temperatures follow heavy snow into Midwest AP - 1 hour 20 minutes ago Egypt working on Gaza border to stem smuggling AP - 1 hour 22 minutes ago News Search Top Stories Bank of England holds key rate at 0.5% Britain, France urge tax on bankers' bonuses Qatar emir calls for gas and oil price alignment Three women take Ireland to court over right to abort Britain taxes bankers' bonuses as recession deepens More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Greece under pressure to take budget action Giant iceberg spotted south of Australia Three women take Ireland to court over right to abort Qatar emir calls for gas and oil price alignment Britain taxes bankers' bonuses as recession deepens More Most Viewed » Global stocks mixed amid Dubai debt crisis Tiny magnetic discs could kill cancer cells: study Virgin unveils spaceship to offer space tourism Mankind using Earth's resources at alarming rate Dubai blackout over debt plans to hit Gulf markets More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 10 December 2009
Iraqi man, lucky dog reunite after Baghdad blast
Three women take Ireland to court over right to abort
Facebook rolls out new privacy tool
Pentagon chief warned over Afghan army problems
Britain taxes bankers' bonuses as recession deepens
NATO sees pick-up in Afghan combat, warns on deaths |
Pay babysitter on iPhone, says Twitter
Pakistani military has 'degraded' Taliban groups: US general
Greece says debt threatens nation, promises action
US-TECH Summary
Iraq's Maliki blasts foreign support for bombings
Thousands in Jerusalem protest settlement freeze |
Giant iceberg spotted south of Australia
France Telecom follows Apple's lead, launches applications
Egypt reported working on Gaza border wall |
Climate talks seek calm after fury at draft text
Facebook redraws site's privacy boundaries
Afghan civilians could have died in raid: NATO
Briton guilty of trans-Atlantic airline bomb conspiracy |
Settlers protest in Jerusalem against freeze
Iraq says deaths from Tuesday's bombings lower
Iran says former deputy defence minister held by U.S.
Apple to launch tablet in spring 2010: analyst |
5 Americans detained in Pakistan raid
Pay hike fosters uptick in Afghan army recruits
Neo-Nazi in murder trial gets makeover for trial
KRouge court dismisses bias claims against judge
Book returned to Ohio library after 60 years
Filipino worker beheaded by militants: official
U.S. hacker pleads guilty in more store break-ins |
NJ fugitive worked for Homeland Security in Ga.
Japan to give US base relocation plan next week
WWII veteran had Hitler's art book on bookshelf
Philippines files rebellion charges over massacre
France Telecom follows Apple's lead, launches applications |
Myanmar's Suu Kyi meets junta liaison: official
Japanese police praised for arrest of Hawker suspect
Gatorade drops Tiger drink; decided before wreck
AP NewsAlert
Recount to start in tight Atlanta runoff for mayor
US praises resettlement of Sri Lankan refugees
Dean embraces Senate compromise on health care
Thai Airways sues protesters over airport closure
Panasonic completes Sanyo takeover: source
VW to boost Indian presence with Suzuki stake
Statue of Obama as boy erected in Indonesian park
Suntory buys majority stake in China wine importer
Thousands gather in Indonesian anti-graft rallies
China says it will continue to push consumption
Morgan Freeman brings touch of God to Mandela film |
Dubai Islamic Bank's Pakistan unit expands operations
ABC to tap Stephanopoulos as co-anchor of GMA |
Volkswagen to buy 20 percent of Suzuki for $2.5B
Tyler Perry says mom, inspiration for Madea, has died |
Supermodel Bundchen and QB Tom Brady have baby boy
Supermodel Gisele Bundchen has first baby |
EU honours Neapolitan 'mother of all pizzas'
Seychellois man's Herculean pirate treasure hunt
Croatia's tourist figures slightly decrease
God of love exhibition set to open in Athens
Rwandan genocide film aims to promote reconciliation abroad
Brian Bonsall appears briefly in Colo. court
Depp to play Mexican revolutionary Pancho Villa
Charitable trust refiles `Dukes' royalties lawsuit
Aiken takes name off voter list, ending NC probe
News
News
News
News
News
Brown, Sarkozy in united front on bank bonuses
Amnesty says Iran rights at lowest ebb in 20 years
Climate change 'Plan B' awaits if diplomacy fails
Petraeus sees short-term rise in Afghan violence |
Iraq's March vote won't affect U.S. drawdown
'Anti-social network' aims to be Facebook killer app
Qatar emir calls for gas and oil price alignment
Iraqi MPs to question interior minister over blasts
China says opposed to U.S. arms sales to Taiwan |
Al-Qaida claims this week's deadly Baghdad blasts
Facebook privacy revamp draws fire
Iraq's March vote won't affect U.S. drawdown: Pentagon |
Zelaya talks to leave Honduras for Mexico hit snag |
Variety to begin building 'pay wall' around website
Thousands in Jerusalem protest settlement freeze
French, British leaders to meet after job spat |
Pakistani military has 'degraded' Taliban groups: US general
Nokia to close U.S. flagship stores
US residents gorging on data bytes: study
Colombia raps Venezuela over FARC rebel insult |
Saudi crown prince to return home after treatment
Briton guilty of trans-Atlantic airline bomb conspiracy |
EBay exec: Craigslist knew we could compete
Cisco and British Telecom head for the "cloud"
AOL going public after Time Warner divorce
Jerusalem protest against slowdown in settlement building
Nokia to close U.S. flagship stores
EBay exec: Craigslist knew we could compete |
US envoy has 'very useful' nuclear talks in NKorea
US aiding Pakistan in alleged terror plot arrests
Nokia to close U.S. flagship stores |
US, Russia closing in on nuclear agreement
Swine flu strikes isolated North Korea
Berkeley council sends hangers as abortion message
Facebook privacy revamp draws fire |
SF law on illegal immigrant youth to take effect
Philippine forces hunt for hostages after beheading
Obama departs for Norway to accept Nobel prize
Aussie firefighters face tough fire conditions
Mass. driver convicted of running over mother duck
Developing nations clash over climate targets
Colo. team predicts above-average hurricane season
U.S. online holiday spending up 3 percent: comScore |
U.S. envoy ends trip to North Korea
House Roll Call: How they voted on tax break bill
Hawaii leads nation in public health spending
Guam says can't take US base at centre of Japan row
China climate envoy criticises rich nations
Police eye clues in death of prominent LA lawyer
Five U.S. men arrested in Pakistan
House debates bank oversight changes
HIGHLIGHTS-S.Korea central bank chief's comments
Pakistan
Philippines says exports fall moderates
Hollywood eyes record $10 bln box office for 2009
"Twilight: Eclipse" to play in Imax theaters
Korea Hot Stocks
Hollywood breaks revenue record of $9.68 billion
Garlic prices soar in China
Taiwan dollar rises on exporter deals
Hollywood eyes record $10 bln box office for 2009 |
Seoul shares rangebound; muted response to BOK
Boyle's Dream continues at No. 1 on album chart |
Oprah's channel to feature film club series |
China extends, adjusts pro-consumption policies
NZ-Aussie dlrs treated differently
Rihanna announces UK arena tour |
220-million-dollar fine for Taiwan firm in price-fixing case
Bruce Springsteen speaks out for gay marriage |
Broadway star Idina Menzel heading to Glee |
Obamas, Winfrey talk gifts on Christmas special
Mormon US senator records 'catchy' Hanukkah tune
Supermodel Gisele Bundchen has first baby |
Galatoire's in New Orleans sells majority interest
Velvet Underground reunites -- to talk |
NC elections board ends exam of 'Idol' runner-up
Twilight: Eclipse to play in Imax theaters |
Velvet Underground reunites -- to talk
Bruce Springsteen speaks out for gay marriage
"Twilight: Eclipse" to play in Imax theaters
Rihanna announces UK arena tour
Shalev leaving 'The Early Show' on CBS
CBS pulls plug on 'As the World Turns' after 54 years
New Russian missile fails again in test: reports
Defense Secretary Gates arrives in Iraq
French army sides with Mozilla in Microsoft email war
Thai anti-government protesters demand new elections |
On Syria border: No sign of Saddam loyalists
Russian nuclear missile test fails, visible in Norway |
Embattled Iraq insurgency shifts tactics, eyes poll |
Human rights violations in Iran worst for 20 years: Amnesty
Gunmen hold 57 hostages in Philippines |
Afghanistan no worse than Iraq in 2007: US general
Human rights violations in Iran worst for 20 years: Amnesty |
China detains three in new toxic milk scare |
Europol arrests 115 suspects in child sex raids |
Frigid temperatures follow heavy snow into Midwest
French army sides with Mozilla in Microsoft email war |
Video games take bigger role in education |
Company: Cobalt mining in Idaho to start in 2011
Malaysia charges 3 for graft in huge port scandal
N.Korea accepts S.Korea swine flu aid offer
US: American soldier dies in Iraq
Others 'more deserving' of Nobel award: Obama
Nokia pulls plug on U.S. flagship stores |
SKorea vows to go ahead with Afghan troop dispatch
Court to rule if Polanski can fight case from afar
Swimming golds take Singapore top of SEA Games table
SF Bay schools phase out gay-friendly curriculum
ADB: Philippine poverty up despite economic growth
Officials: Gang rivalry led to Calif. prison riot
All children among Philippine hostages released
Experiment to test killing 1 owl to help another
India seeks Chicago man for Mumbai questioning
Promotion day arrives for white Conn. firefighters
Statue of Obama as boy erected in Indonesian park
Taiwan says no to Tiger Woods-style animated news
US-ENTERTAINMENT Summary
Pakistani o/n rates ease; rupee flat; stocks up
Dubai stocks close on strongest gain since crisis
S.Korean economy to grow 5 pct in 2010: ministry
WRAPUP 1-Bank of Korea flags earlier rate rise
Surging Chinese property prices stoke bubble fears
India's Gurinder Chadha tackles migration with humor |
Audacious actress got close to the president
Malaysian firm buys Friendster social network site
Court to rule if Polanski can fight case from afar
China says US, Russia dumped electrical steel
Azerbaijan's traditional music thrives again
India food prices jump 19 percent on poor rainfall
Bali Democracy Forum opens in Indonesia
Hong Kong women shrug off tattoo taboo
Bikini Baristas Ruled Adult Entertainment
Ceausescu's final hours depicted in new play
High School Student Suffers Heart Attack After Tryouts
Van Dyck self-portrait sells for £8.3 mln
Recount Confirms Winner Of Atlanta's Mayoral Race
Police Arrest Suspect In Brutal Rape, Kidnapping OF 91-Year-Old Woman
US-ENTERTAINMENT Summary
USIBC Commercial Nuclear Mission Holds Talks with NPCIL
India's Gurinder Chadha tackles migration with humor
Cops Find Robber Using GPS-enabled Microwave
Poverty in SAfrica: 3 cows and a forced marriage
Sister of Clemmons Charged In Connection With Case
Obama Administration Opens Federal Coffers To Weather Battered Virginia
Oprah's channel to feature film club series
South Carolina Panel Votes To Censure, Not Impeach, Gov. Sanford
In Oslo To Receive Nobel Prize, Obama Says 'Others More Deserving' Of Award
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01