Story Archive for 07/05/2010
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Brian Head Ski Resort Re-Listed
Published on July 05, 2010 at 02:12PM
(PAROWAN)-Brokers have reduced the sales price for a southern Utah ski resort by nearly $6 million. The original asking price for the Brian Head ski resort was $34.75 million, but reduced to $29 million three weeks ago. A broker for the firm, CB Richard Ellis Inc., says the price came down because of a slow market in resort real estate. The Iron County-based resort is currently running its regular summer activities, including mountain biking and ski lift rides. General Manager, Henry Hornberger, says if the resort doesn’t sell before the winter season begins, he expects it to be business as usual at the resort. Brian Head Resort consists of two mountains, nine lifts and 640 skiable acres on 50 runs.
Company Reopening Iron Mine Near Cedar City
Published on July 05, 2010 at 02:02PM
(CEDAR CITY)-After several setbacks, a Utah mining company says it will finally sell iron ore to a Chinese steelmaker, helping boost Cedar City’s fortunes. Cedar City-based CML Metals Corp said it had an agreement to ship at least 600,000 metric tons of iron ore to a China-based steelmaker over the next two years. The company said overseas shipments will start later this month and that it was confident other customers for the iron ore could be found. The company is reopening a pit about 20 miles west of Cedar City. CML Metals Corp executives, formerly Palladon Iron Corp., have spent two years soliciting customers for the iron ore. The company mined about 10,000 tons of iron ore set in rail cars for more than a year, but after the economy soured, operations were halted in 2009. With no sales and mounting debts, Vancouver, British Columbia-based Palladon Ventures Ltd., sought a partner with deep pockets. In the interim, New York-based Luxor Capital Partners LP, agreed to assume more than $40 million in debt for 78 percent of Palladon’s stock. The private equity firm also took title to the iron mine. CML Metals chief executive, Dale Gilbert, said the company’s name change confirmed the company was ready for a fresh start. Gilbert also said it could take about 18 months to finance and build the plant and CML plans to send iron ole by rail to a port in Richmond, Calif., for overseas shipping to China Kingdom International Minerals & Metals Co. Ltd. Utah officials are ecstatic over the mine’s revival and fully expect this to be an impetus of the economy ultimately bouncing back.
Cedar City Group Wants To Build Veterans' Cemetery
Published on July 05, 2010 at 01:56PM
(CEDAR CITY)-Some southern Utah residents are trying to create a new cemetery for veterans. Southern Utah Mortuary associate office manager, Russell Kennedy, stated Cedar City is a perfect location due to the Veterans Memorial Park and the new veterans’ nursing home. Utah Veterans Affairs executive director, Terry Schow, says creating a new veterans’ cemetery may be difficult due to current budget cuts. Schow also says Utah is not eligible for a national VA cemetery as it does not have the required veteran population. Schow says there’s about 165,000 veterans in Utah and that the state’s current VA cemetery is expected to have the requisite capacity for what Utah needs.
Primary Election Canvas
Published on July 05, 2010 at 08:09AM
(Manti) Sanpete County residents will soon know who won the Republican nomination for County Sheriff. The Primary Election left the contest between incumbent Sheriff Kevin Holman, and challenger Brian Nielson too close to call with Nielson leading by eighteen votes before counting absentee and provisional ballots. The winner of the primary will face Democratic candidate Paul Harnett in the November election. The official canvas will take place tomorrow at the County Court House in Manti.