Tagged: natural resources

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10:58 am
Tue July 24, 2012

Price fixing in Michigan land deals? Lawmakers call for action in investigation

Lead in text: 
A news investigation found two natural gas companies might have colluded when bidding on drilling rights in Michigan. Reuters obtained e-mails exchanged between officials from Chesapeake Energy Corp. and Encana Corp. The paper says the e-mails show "that top executives of the two rivals plotted in 2010 to avoid bidding against each other in a state auction and in at least nine prospective deals with private land owners." State lawmakers are pushing for resolution with an investigation.
Tue Jul 24, 2012 7:03am EDT (Reuters) - Two Michigan state representatives have called on officials there to step up their investigations into possible collusion between Chesapeake Energy Corp and Encana Corp, following a Reuters report that the energy rivals plotted to avoid bidding against each other in Michigan land deals.
Environment
1:32 pm
Mon April 30, 2012

Michigan DEQ okays copper and silver mine in the UP

Credit Orvana Minerals Corp.
Mineral deposits Orvana hopes to target

IRONWOOD, Mich. (AP) - Michigan environmental regulators say they've approved plans for a copper and silver mine in the far western Upper Peninsula.

The Department of Environmental Quality said Monday it had determined that Orvana Resources U.S. Corp.'s application for a mining permit meets state mining standards.

The department in March gave tentative approval. The DEQ says it's still reviewing other related permits for the project including air emissions and water discharges.

Orvana is targeting 798 million pounds of copper and 3.5 million ounces of silver in an underground deposit near Ironwood.

Environmentalists have raised concerns about the company's plans to withdraw large volumes of Lake Superior water and discharge treated wastewater into a creek that feeds the lake. Company officials say a buffer zone will provide adequate protection.

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