Anyone who watches the fortunes of Bisbee has to monitor Freeport-McMoRan, the conglomerate that absorbed Phelps Dodge in 2007. Now the debt gambling giant is stumbling towards bankruptcy.
The New York Times blames the oil slump for the spending spree that has forced Bisbee’s corporate lords to begin selling off assets.
Will the old Phelps Dodge holdings go up for sale, along with Bisbee’s mines?
The end of BioTeQ in Bisbee was announced in a Wall Street Journal press release. Copper from a bioreactor was leached by microbes into a commercial concentrate. Lower copper prices impacted the profitability, as damage from summer rains caused a reassessment between the two companies.
The BioteQ plant in Bisbee, Arizona returned to full production in July and produced 120,000 pounds of copper to the end of September. From July to December, the plant is expected to recover 325,000 pounds of copper for the year, at an estimated cost of $2.75 per pound…
BioteQ Environmental Technologies Inc., a leader in the treatment of industrial waste water, has resumed water treatment operations at its joint venture plant in Bisbee, Arizona. Bioreactor activity has been restored and water treatment has resumed. BioteQ expects treatment to gradually ramp up over the next four to six weeks.
BioteQ reports a delay in the expected re-start of operations at its joint venture plant in Bisbee, Arizona. With the ramp-up of the bioreactor following re-inoculation earlier this spring, the company has discovered several air leaks in the bioreactor loop system…
Entrée Gold Inc. has commenced a combined reverse circulation- core drilling program at its Bisbee project in Arizona. The initial three hole, 2,400 metre program (including 1,200 metres of reverse circulation pre-collars) will test a discrete buried geophysical target whose signature is similar to several known mineralized copper porphyry deposits in the Southwest USA. The Dixie target is located 6 kilometres north of the historic Lavender pit at Bisbee.
