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9/2/2010 1:11 PM  
 
Exploration companies battle higher fees
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The math, says Buster Hunsaker, is unshakable: Mining exploration companies saddled with dramatically higher fees to hold mining claims in Nevada are almost certain to cut back on their investments in drilling, geophysical analysis and a multitude of other services. And he cautions that’s going to hit the economies of Elko County, the home of Hunsaker’s consulting geology practice, as well as other communities across northern Nevada that depend on the minerals industry. The higher fees were approved by the Legislature last winter during a special section to close an $887 million gap in the state budget.
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Safe drivers
9/2/2010 9:40:43 AM
Reno is the seventh safest city for drivers in the United States, finds a study by Allstate. The likelihood of a collision here is 18.2 percent below the national average, and motorists drive an average of 12.2 years between collisions.

Merger OK'd
9/2/2010 9:40:19 AM
Shareholders of Sierra Geothermal Power Corp. of Vancouver OK'd the company's merger with Ram Power Corp. of Reno. Sierra holds 120,000 acres of geothermal leases in Nevada, California and British Columbia.

Next week in NNBW: How Clark & Sullivan stays profitable.
9/2/2010 9:39:54 AM

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Teff, a promising new crop, hamstrung by regulations
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After several years of gaining ground on alfalfa production in the state, Nevada’s teff crop suffered a blow this year because farmers were unable to use herbicides on the grass to kill invasive weeds. Production of teff, a grass native to Ethiopia, has doubled annually in acreage since 2006, says Jay Davison, an alternative crop specialist with the University of Nevada, Reno Cooperative Extension program. In 2009 Nevada’s teff farmers — about 15 to 20 of them, all located in the northern half of the state — produced about 1.1 million pounds of teff grain. This year Davison says production is expected to decline by more than one-third due to regulatory challenges that led to the banning of certain herbicides farmers had used to kill noxious weeds.
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For a week, Gerlach joins Las Vegas, LAX as busy air destination
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More flights will leave Reno-Tahoe International Airport for Gerlach than Las Vegas today. Advantage Flight Solutions of Reno, which provides chartered air service to the playa for folks who want avoid a hot drive to Burning Man festivities, begins a 12-flight-a-day schedule to the Black Rock Desert today. That’s two more flights than are scheduled to Las Vegas from Reno on major airlines on weekdays, and it ranks Gerlach only behind Los Angeles as a destination for flights from Reno.
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Golden Phoenix seeks a role in mine permitting, finance
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Golden Phoenix Minerals Inc., a Sparks company that’s made a couple of so-so stabs at becoming an operator of mines in Nevada, now sees its future in following the middle way. The publicly held company is carving out a new role for itself in an industry that’s dominated by numerous small exploration companies on one end of the spectrum and a handful of larger companies that operate mines on the other end. The executive team of Golden Phoenix thinks the company can establish a position in which it identifies promising discoveries by exploration companies, completes the permitting to get the mines ready, then sells them off to operating companies. Golden Phoenix would retain a royalty interest in the properties.
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Machabee sells equipment unit to Sacramento’s Smile
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Two years ago, the father-and-son team of Gary and Scott Machabee saw the economic storm clouds gathering and began repositioning their office furniture and business equipment company to ride out the storm. The company completed one of the major steps in that transition this month when it completed the sale of a subsidiary that sold copiers and printers to Smile Business Products Inc. of Sacramento. Smile Business Products is one of the 10 largest dealers for Sharp in the United States.
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