Newmont Mining meets Home Depot as Metals Boom lifts US towns

[NVMojo]

A few of us here at DU live in Elko.

June 7 (Bloomberg) -- Elko, Nevada, has a new Home Depot store. Its Wal-Mart doubled in size in the last year, and a 100- acre truck and rail complex is taking shape east of town.

There's a reason for all the activity in Elko, a community of 19,000 that became a transportation center for the mining industry back in 1868. Newmont Mining Corp., the world's biggest gold producer, is investing $1 billion in northern Nevada, and is recruiting miners and engineers from as far away as Alaska, Canada and Mexico.

Global demand for metals is reviving old mining towns in the western U.S., bringing high-paying jobs and new investment, boosting sales and tax revenue, and stoking demand for more housing. ``In small communities, there seems to be a bustle of excitement,'' said William Jacobson, chief executive officer of Atlas Mining Co. in Osburn, Idaho, which is attempting to reopen for exploration what was once the U.S.'s richest silver mine.

``People are going back to work, and goods and services are showing increases in sales,'' he says.

more...

http://www.bloomberg.com/apps/news?pid=10000103&sid=a6eQD8EXeFG8&refer=us

[Monk06]

1. So Ursula, how's the economic growth affecting you......GB

[NVMojo]

2. that's a loaded question!

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