Montreal firm plans to buy Gouverneur zinc mines

Feb 24, 2013 Full story: North County Public Radio 21

A Canadian company has signed a letter of intent to buy the zinc mines outside Gouverneur for $12 million.

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bouttime

Bronx, NY

#1 Mar 4, 2013
maybe some decent paying jobs again
Tom

Gouverneur, NY

#2 Mar 4, 2013
No, its not going to happen.

Read the story again. "IF" omeone loans me the money(12 Million), IF I can find some other funds to operate, IF, IF, IF.

This is the 3rd one in 2 yrs to say this.

Since: Dec 12

Location hidden

#3 Mar 5, 2013
I Zinc it vill haben . . . ja.
Balmat

Woburn, MA

#4 Mar 5, 2013
believe it when I see it actually happen

Since: Dec 12

Location hidden

#5 Mar 5, 2013
Balmat wrote:
believe it when I see it actually happen
You must not be familiar with the Federal Reserve's ZIRP (zero interest rate policy). Essentially, there is free money to be had if you are a wealthy individual or business. Should be no trouble to get a loan secured with hard assets, if the firm has a decent credit rating.
Tom

Gouverneur, NY

#6 Mar 5, 2013
OperationBagration wrote:
<quoted text>
You must not be familiar with the Federal Reserve's ZIRP (zero interest rate policy). Essentially, there is free money to be had if you are a wealthy individual or business. Should be no trouble to get a loan secured with hard assets, if the firm has a decent credit rating.
If money was so easy to get why didn't the last 2 companies get it then?

Since: Dec 12

Location hidden

#7 Mar 5, 2013
Tom wrote:
<quoted text>
If money was so easy to get why didn't the last 2 companies get it then?
Maybe they were sham companies. Or they just don't have a competent finance group.
Tom

Gouverneur, NY

#8 Mar 5, 2013
Like I said, If money was so good why doesn't everybody get it. If HudBay, and established well run mining company couldn't afford to keep it open, how can an upstart with no mining experiance.

BTW, The company is already hinting at wanting Tax cuts and rebates, plus IDA money. They are asking the politicians already.

Since: Dec 12

Location hidden

#9 Mar 6, 2013
Tom wrote:
Like I said, If money was so good why doesn't everybody get it. If HudBay, and established well run mining company couldn't afford to keep it open, how can an upstart with no mining experiance.
BTW, The company is already hinting at wanting Tax cuts and rebates, plus IDA money. They are asking the politicians already.
Of course they will ask for freebies. This is the land of freebies. Our own Federal Reserve Chairman insists on free money printed from thin air or pumped out of his rear end.
pray for rain

Bronx, NY

#10 Mar 7, 2013
why would anyone want to bash a company that wants to bring many good paying jobs to our area i think that the market value of zinc has risen sence some of the other companies had try to purchase the mines and i believe that if the company sets work standards high and doesnt hire a bunch of guys that are all worried about when there next piss test is like many who worked for for the last company that they will suceed and the company should get tax cuts and incentives every other new busines does

Since: Dec 12

Location hidden

#11 Mar 7, 2013
pray for rain wrote:
why would anyone want to bash a company that wants to bring many good paying jobs to our area i think that the market value of zinc has risen sence some of the other companies had try to purchase the mines and i believe that if the company sets work standards high and doesnt hire a bunch of guys that are all worried about when there next piss test is like many who worked for for the last company that they will suceed and the company should get tax cuts and incentives every other new busines does
I hope they succeed in re-opening the mine. Gouvy could use the jobs and bigger tax-base.
Dan the Man

Gouverneur, NY

#12 Mar 7, 2013
OperationBagration wrote:
<quoted text>
I hope they succeed in re-opening the mine. Gouvy could use the jobs and bigger tax-base.
Dude, Did ya notice the mine is in FOWLER?

Since: Dec 12

Location hidden

#13 Mar 7, 2013
Dan the Man wrote:
<quoted text>
Dude, Did ya notice the mine is in FOWLER?
Yeah, ok. So, it'll help Fowler's tax-base, but could still provide employment for people from Gouvy.
Dan the Man

Gouverneur, NY

#14 Mar 7, 2013
The Tax agreement with Fowler says that all employees must live in Fowler

Since: Dec 12

Location hidden

#15 Mar 8, 2013
Dan the Man wrote:
The Tax agreement with Fowler says that all employees must live in Fowler
You are full of information Dan the man.:)
DOA

Gouverneur, NY

#16 Mar 19, 2013
So the deal's dead. No big surprise here. I'm betting it was never actually "alive" to begin with, and was nothing more than some type of stock manipulation ploy.

http://www.watertowndailytimes.com/article/20...
stalker

Gouverneur, NY

#17 Mar 19, 2013
when Viking opened in Harrisville in the mid 60's I heard the same negativity,well, it's still open almost 50 yrs. later. I hope this happens, this area needs jobs.

Since: Dec 12

Location hidden

#18 Mar 19, 2013
Too bad. I think you are right. Must've been "trial balloons" and never very serious to begin with.
None of your buisness

Hadley, MA

#19 Mar 19, 2013
Well the people bashing this hope for alot of jobs FUCK OFF. It would be great for the Gouverneur community to have the place open. Its probly the usual people that dont work or dont want to work. Its pretty amazing that there is even an attempt to open a big buisiness like this in New York state for one and the total economy for 2. Hipe it does happen then maybe i can get some neighbors that actually care about work and not welfare.
DOA

Gouverneur, NY

#20 Mar 19, 2013
WTF is your problem? No one is bashing the "hope" for more jobs around here, just the idea that the mines will ever really be a truly viable employment option anytime in the near future. These corporations are playing games based on commodity pricing and the related stock fluctuations. At least I think they are. They aren't serious at all, and you'd be wise not to attach any of your "hopes" to their gambling.

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