Tag Archives: mining

Michael Bill, CEO of MJ Insurance.

MJ Insurance Named One of the Largest Brokers in U.S.

MJ Insurance, one of the nation’s leading property-casualty and employee benefits agencies, is one of the “100 Largest Broker of U.S. Business” according to Business Insurance magazine. MJ ranked No. 97 in the publication’s 2014 list. This is the second consecutive year that MJ Insurance has received the honor.

Companies are ranked by 2013 brokerage revenue generated by U.S.-based clients. MJ Insurance was recognized by the publication in 2013 as well. The agency increased revenue by more than 11 percent from 2012 to 2013.

“We are proud to be recognized for our growth, but that is only one small measure of our success,” said MJ Insurance CEO Michael H. Bill. “Over the past couple of months we have added new services and employees to better meet the needs of our clients.”

MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefit agency that, since 1964, has grown from a two-person start-up to an agency with more than 125 employees. In 2014, MJ celebrates its 50th ‘golden’ anniversary.

MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefit programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.

LGE breaks ground on METSO facility

LGE Design Build broke ground on a 44KSF service facility for Metso Corporation on June 6.  The facility will be located at Pecos and Sossaman roads in Mesa, Ariz.

The new facility is ideally positioned and equipped to service Metso’s customers throughout the southwest U.S. and northern Mexico.  The new facility will accommodate a wide variety of mining, construction, recycling services and advanced repairs, as well as direct on-site repair and field service.

LGE is handling both the design and construction of the new facility which includes notable design features including a large service area that will house two 60-ton bridge cranes as well as welding and machining bays. The bridge cranes will enable Metso to service and repair very large-scale mining equipment, including grinding mills, crushers and screens – all key components to mining operations in the region.

The building will also provide ample office and workspace for approximately 65 current
office and field Metso Services team members who will be based there, including up to 40 new positions.  These positions (some existing and some new) will cover a variety of skill sets, from machining, welding and fabrication to field service and administrative personnel.

 

Randall Reisinger, Metso Senior Vice President, Service Business Line Operational
Hubs, said the new facility provides and extension of Metso’s strong existing presence in Mesa.

 

“Our service team has been established here since the mid ‘90s,” he says, “which makes
this location ideal for our employees and their families who already call it home. It’s a move that allows us to expand our physical capacity and our capabilities, while remaining in an area that’s served us and our customers so well for so many years.”

Construction of the service facility, located on a 10-acre site on Pecos Road in Mesa, will
begin immediately with completion slated for the first quarter of 2015.  In the interim, Metso is leasing a fully equipped facility nearby, giving them a “jump start” on the expanded service offering they plan to deliver starting in 2015. Metso has already transferred existing employees to this leased facility, and there are plans to fill several new positions in the coming months.

LGE Design Build president David E. Sellers said the project had both familiar and new aspects to it.  “We have been designing and building facilities like this one for two decades, but this one had a few different wrinkles to it,” he said.  “Needing to design a space that can accommodate the two 60 ton bridge cranes was challenging, but we came up with a design that is both functional and efficient.  It’s going to be a great facility that will allow Metso to create a greater footprint in Mesa.”

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MJ Insurance reports record revenue

MJ Insurance, one of the nation’s largest privately-held insurance agencies, has reported double digit year-over-year growth with an 11 percent increase across all business lines. The agency also reported record all-time high revenues of $25 million.

MJ’s fiscal year runs from September to September and for fiscal 2013, MJ saw solid growth in both employee benefits and in property and casualty revenues. Even as the economy has struggled, MJ has recorded strong revenue gains over the past five years.

Michael H. Bill, CEO of MJ Insurance, attributes the growth and record revenue to continued investment through the economic downturn in both employees and value-added services for clients.

“Our approach is to align our efforts with clients that emphasize value and this has proven beneficial as the economy has improved,” said Bill. “Challenges brought forth with health care reform have also allowed us to help guide businesses through this historic change.”

MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefits agency that, since 1964, has grown from a two-person start-up to an agency with more than 125 employees. In 2014, MJ will celebrate its 50th ‘golden’ anniversary.

MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefits programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.

Alana Hake - color

Hake Joins Gallagher & Kennedy as Associate

Gallagher & Kennedy, P.A., a full service business law firm, announced today that Alana C. Hake has joined the firm as an associate in the Environmental and Natural Resources practice group. She will practice environmental and natural resources law, specializing in environmental remediation work for the mining industry.

Prior to joining Gallagher & Kennedy, Hake was an associate at a Phoenix law firm where she practiced environmental, energy, and regulatory law. She has significant experience analyzing and preparing legal memoranda on environmental, energy and regulatory issues. Hake has also successfully represented clients with regulatory compliance and licensing needs before several state regulatory agencies, including the Arizona Department of Environmental Quality, the Arizona Corporation Commission and the Arizona Department of Financial Institutions.

Hake earned her J.D., summa cum laude, in 2008 from Washington University in St. Louis and her B.S., summa cum laude, in 2005 from The Master’s College. She is a Blackstone Legal Fellow for Alliance Defending Freedom and a volunteer for The Florence Immigrant and Refugee Rights Project.

Alana Hake - color

Hake Joins Gallagher & Kennedy as Associate

Gallagher & Kennedy, P.A., a full service business law firm, announced today that Alana C. Hake has joined the firm as an associate in the Environmental and Natural Resources practice group. She will practice environmental and natural resources law, specializing in environmental remediation work for the mining industry.

Prior to joining Gallagher & Kennedy, Hake was an associate at a Phoenix law firm where she practiced environmental, energy, and regulatory law. She has significant experience analyzing and preparing legal memoranda on environmental, energy and regulatory issues. Hake has also successfully represented clients with regulatory compliance and licensing needs before several state regulatory agencies, including the Arizona Department of Environmental Quality, the Arizona Corporation Commission and the Arizona Department of Financial Institutions.

Hake earned her J.D., summa cum laude, in 2008 from Washington University in St. Louis and her B.S., summa cum laude, in 2005 from The Master’s College. She is a Blackstone Legal Fellow for Alliance Defending Freedom and a volunteer for The Florence Immigrant and Refugee Rights Project.

Curis Resources - Florence Copper Project

Florence Copper Project expands management team

Curis Resources has hired Loren H. Locher as director of public affairs to assist in the continued growth and development of Florence Copper, an in-situ copper recovery project in central Arizona.

“Loren is a wonderful addition to the Florence Copper team and we are fortunate to have someone with his experience to provide leadership for our public affairs and community relations program in Arizona,” said Bruce Marsh, senior vice president of strategic and corporate affairs for Curis Resources. “His knowledge and understanding of stakeholder outreach and relationship building, and his familiarity with Arizona communities, local governments and their needs, will significantly augment the leadership team at Florence Copper.”

Locher brings more than 15 years of experience in public and government affairs, project management and stakeholder outreach to his new role. At Curis, he will oversee community and public affairs outreach and play a key role in coordinating Florence Copper’s stakeholder relations program. Locher will also lead the development and implementation of Florence Copper’s communication strategies and supplement Curis’ ongoing engagement with local and regional regulatory authorities.

“I believe in Florence Copper’s promise, in the environmental technologies it will employ to protect water resources, and the benefits it will provide to local communities,” Locher said. “I look forward to working with the leaders and residents of the Town of Florence, Pinal County and the state of Arizona as we move into the next phase of this exciting project.”

Before joining Florence Copper, Locher served as regional director for government affairs and stakeholder outreach at the El Paso Corporation in Houston. During this time, Locher directed government and stakeholder outreach, and focused on legislative activities, political monitoring and relationship building. Prior to the El Paso Corporation, he worked for Compaq and Olympic Natural Gas. As a Phoenix resident, Locher has also served on the boards of Arizona Tax Research Association and Arizona Chamber of Commerce and Industry.

Richard Adkerson, Freeport-McMoRan Copper & Gold - AZ Business Magazine May/June 2011

Freeport-McMoRan’s profit rises 16%

Freeport-McMoRan Copper & Gold Inc. said Tuesday that fourth-quarter profit rose 16 percent on a combination of rising sales and lower copper-production costs, and the mining company’s stock rose.

Net income was $743 million, 78 cents per share, compared with $640 million, or 67 cents per share, a year earlier. Excluding one-time items such as a charge for environmental costs, the company said it would have earned 74 cents per share, beating the forecast of 71 cents per share among analysts surveyed by FactSet.

Revenue increased 8 percent to $4.51 billion. Analysts expected $4.50 billion, on average.

Copper sales rose 18 percent, gold sales jumped 91 percent, and molybdenum sales gained 11 percent, the company said.

Cost of producing one pound of copper dipped to $1.54 from $1.57 a year earlier, reflecting lower employees costs partially offset by higher mining costs.

In December, the company announced that it will buy Plains Exploration & Production Co. and McMoRan Exploration Co. for $20 billion in total, including the assumption of debt. The deals are expected to close in the second quarter.

For the full year, Freeport-McMoRan earned $3.04 billion, or $3.19 per share, compared with $4.56 billion, or $4.78 per share, in 2011.

Richard Adkerson, Freeport-McMoRan Copper & Gold - AZ Business Magazine May/June 2011

Freeport-McMoRan's profit rises 16%

Freeport-McMoRan Copper & Gold Inc. said Tuesday that fourth-quarter profit rose 16 percent on a combination of rising sales and lower copper-production costs, and the mining company’s stock rose.

Net income was $743 million, 78 cents per share, compared with $640 million, or 67 cents per share, a year earlier. Excluding one-time items such as a charge for environmental costs, the company said it would have earned 74 cents per share, beating the forecast of 71 cents per share among analysts surveyed by FactSet.

Revenue increased 8 percent to $4.51 billion. Analysts expected $4.50 billion, on average.

Copper sales rose 18 percent, gold sales jumped 91 percent, and molybdenum sales gained 11 percent, the company said.

Cost of producing one pound of copper dipped to $1.54 from $1.57 a year earlier, reflecting lower employees costs partially offset by higher mining costs.

In December, the company announced that it will buy Plains Exploration & Production Co. and McMoRan Exploration Co. for $20 billion in total, including the assumption of debt. The deals are expected to close in the second quarter.

For the full year, Freeport-McMoRan earned $3.04 billion, or $3.19 per share, compared with $4.56 billion, or $4.78 per share, in 2011.

freeport

Freeport-McMoRan buys energy companies for $9B

Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to mines in Indonesia.

Freeport, based in Phoenix, is paying $6.9 billion in cash and stock for Plains Exploration Co., and $2.1 billion for McMoRan Exploration Co. Freeport will also assume $11 billion in debt in the deal.

Plains Exploration, based in Houston, produces oil in California, Texas and the Gulf of Mexico, along with natural gas in Louisiana. McMoRan Exploration, based in New Orleans, is developing natural gas resources that lie deep below shallow water regions of the Gulf of Mexico.

The recent track record of miners buying oil and gas companies has been mixed.

BHP Billiton, the Australian mining giant, wrote down the value of its U.S. natural gas assets by $2.8 billion in August. The company had paid $5 billion for much of those assets in 2011 when it bought reserves in the Fayetteville Shale in Arkansas from Chesapeake Energy.

Natural gas prices in the U.S. have been pushed sharply lower in recent years because drillers have learned to unlock enormous amounts of natural gas from shale formations under several states, dramatically boosting supplies.

BHP Billiton also acquired Petrohawk Energy in 2011 for $12 billion. Petrohawk focused on oil instead of gas, though, so BHP did not have to write down those assets.

U.S. oil production is at its highest level since 1998, according to the Energy Department, but global oil prices have remained relatively high.

Freeport shareholders generally owned the company for its exposure to copper and will not embrace the move, Anthony Rizzuto, an analyst at Dahlman Rose, wrote in a note to clients.

The company’s stock price fell $5.06, or 13 percent, to $33.22, in midday trading.

The Freeport deals, which must be approved by shareholders, are expected to close in the second quarter of 2013.

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UA earns grant to study biodiesel effects

Researchers at the University of Arizona have won a $1.4 million grant to study the occupational and environmental health effects of underground mining equipment that runs on biodiesel-blend fuels.

The university says mining operators are shifting from diesel to biodiesel-blend fuels in a bid to lower exposure to pollutants.

Biodiesel is made from vegetable oil or animal fat and can be added to diesel as a blend or used on its own.

The National Institute for Occupational Safety and Health awarded the grant to the university’s public health college and mining department.