More than 15,000 petition signatures, in favor of a mineral withdrawal for public lands in southwest Oregon watersheds, were delivered Tuesday to the US Forest Service and the Bureau of Land Management to be presented to the Secretaries of Interior and Agriculture.
The named “critical” watersheds include the North Fork Smith River, Baldface Creek, Rough & Ready Creek, and Hunter Creek.
The radical petition not only calls for the immediate withdrawal of the Rough & Ready and Baldface Creek watersheds from mining under the Mining Law of 1872; it also urges the enactment of legislation “to protect them from destructive nickel strip mining and permanently preserve their unique natural values.”
Minerals withdrawals from the 1872 Mining Law of up to 20 years can be issued by the Secretary of Interior under the Federal Land Policy and Management Act (FLPMA).
Portland-based Red Flat Nickel, in which UK-based St. Peter Port Capital Ltd holds the majority interest, controls two nickel laterite deposits in the Red Flat area of the Rogue River and Siskiyou National Forest, both located in Curry County, Oregon, home of the cities of Brookings, Gold Beach, and Port Orford.
Red Flat Nickels has staked claims on roughly 3,000 acres in the north Fork Smith River watershed adjacent to the Smith River National Recreation Area. The company has also staked claims on 2,000 acres of land in the headwaters of Hunter Creek and Pistol River
The 3-month price of nickel closed up Tuesday, August 5 at $18,475 per metric ton, halting two days of weakening prices on the LME with a 0.7 percent shift. Following a 0.5 percent rise yesterday, the Indian nickel cash price closed at INR 1,136 ($18.65) per kilogram. On the LME, the spot price of nickel rose 0.5 percent to $18,360 per metric ton.
Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row, remaining around CNY 8,300 ($1,343) per metric ton. The price of Chinese ferro-moly held steady at CNY 145,000 ($23,468) per metric ton.
For the fifth day in a row, the Allegheny Ludlum 316 stainless surcharge remained essentially flat at $1.28 per pound. The price of Chinese 316 stainless coil saw essentially no change for the fifth day in a row, remaining around CNY 26,000 ($4,208) per metric ton. The price of Chinese 304 stainless coil saw little movement at CNY 16,400 ($2,654) per metric ton. For the fifth consecutive day, the price of Chinese 316 stainless steel scrap held flat at CNY 16,100 ($2,606) per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 16,400 ($2,654) per metric ton.