YOUR AD HERE »

Company confirms plan to open mine above Crested Butte

THE ASSOCIATED PRESS

DENVER – Officials with a Wyoming company have confirmed they plan to open a molybdenum mine on Mount Emmons, the famed peak above the ski resort community of Crested Butte.”We view this property as a potential ‘company maker,”‘ said Mark Larsen, president of U.S. Energy Corp. in Riverton, Wyo. “Rarely are mineral deposits of this magnitude discovered, and we now own it in a very favorable pricing environment.”U.S. Energy was forced by a federal district court to take possession of 25 contested mining claims and a water-treatment plant during an ownership dispute with Phelps Dodge, another mining company.A study directed by the Bureau of Land Management suggests the Mount Emmons claims hold 23 million tons of molybdenum ore, which can be used to harden steel, among other applications.


Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Summit Daily is embarking on a multiyear project to digitize its archives going back to 1989 and make them available to the public in partnership with the Colorado Historic Newspapers Collection. The full project is expected to cost about $165,000. All donations made in 2023 will go directly toward this project.

Every contribution, no matter the size, will make a difference.