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Local Mining Council Applauds Newmont Purchase of North Star Property

 

The Sierra Nevada Mining & Industry council celebrated the news of the purchase of the North Star property to the Newmont Mining Corporation. President of the council Carol Marshall says the council hopes that Newmont will reopen the mine.

“It’s really exciting. The members of the mining council were just very excited that they actually purchased the property outright. This gives up hope. We want them to reopen the mines, to get back into the empire and the North Star that they would come back to their home base, in Nevada County and reopen the mines.”

Marshal says the group had sent letters to Newmont alerting them that the North Star’s 760 acres of surface property was in foreclosure and since Newmont had retained the mineral rights to most of the area, would they buy the property? The group did not hear back until they heard the news of the mine’s recent purchase. Marshall says Newmont has a long history in Nevada County.

“Newmont still holds the controlling interest in all the mineral rights under Nevada City and Grass Valley with the Empire and the NorthStar mines and they grew to be the second largest mining corporation in the world.”

Newmont Mining Corporation has not returned calls from KNCO regarding their intentions with the North Star property.

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