Posts Tagged ‘potash development’

Real AZ Corridor Debuts Potash Sector Website

Thursday, April 18th, 2013

holbrook basin potashThe Real AZ Corridor debuted a website today dedicated to the development of the high-potential Potash Mining, Processing and Distribution sector in northeastern Arizona. The website can be viewed at www.azpotash.com , and also at www.potashsector.com . A new page was also added to the Real AZ Corridor website at www.realazcorridor.com  

The azpotash.com site includes a Potash Sector profile; links to the websites and Preliminary Economic Assessments of the major mining interests; permit information; resources and links to related topics and sources; news on emerging business, job and training opportunities; and information on the Real AZ Corridor and its strategy to capitalize on the economic growth that potash mining will bring to the region.

The website was funded through a Vision Grant from the Arizona Commerce Authority.

Catalyst Paper Approves Bid to Buy Snowflake Mill Assets, Railway

Tuesday, December 18th, 2012

This is excellent news for the entire Real AZ Corridor, and for the future of potash development throughout the region:

Tuesday, December 18, 2012

Richmond, BC – Catalyst Paper announced that it has accepted, subject to US Court approval, a binding bid from an acquisition vehicle organized by Hackman Capital and its affiliates to purchase the assets of the closed Snowflake facility and the shares of Apache Railway for US$13,460,000 and other non-monetary consideration. The buyer intends to continue to operate the Apache Railway as a going concern, and the transaction is supported by the Town of Snowflake and various local interests.

“We are pleased that this transaction has progressed efficiently and that the community’s interests have been considered through the process and in the successful bid,” said President and Chief Executive Officer Kevin J. Clarke. “While paper manufacturing is part of Snowflake’s past, this transaction puts the asset on a path to a new future that can continue to bring value to the region.”

The winning bid was made at the auction held on December 17, 2012 under the US Court-approved sale and investor solicitation procedures. The sale is expected to complete in the first quarter of 2013 and is subject to various closing conditions.  A hearing in the US Court is scheduled for December 19, 2012 to consider approval of the sale.