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Article: Chief Consolidated Mining Co. enters into long term mining lease with Grand Central Mining Corp.
- Article from:
- PR Newswire
- Article date:
- December 29, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Dec. 29 /PRNewswire/ -- Chief Consolidated Mining Company (NASDAQ: CFC) announced today that it has entered into a long term mining lease with Grand Central Mining Corporation, a wholly owned subsidiary of Western Mining Corporation (U.S.A.), a wholly owned subsidiary of Western Mining Corporation Holdings Limited of Australia.
A chief spokesman stated that the mining lease covers 5000 acres of Chief's mining properties and related facilities located in the main Tintic Mining District of Utah. The spokesman said that the mining lease with Grand Central is for an initial 25-year term with rights for an extended renewal. The spokesman said that the ...