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The Village of Santa Clara Regular Meeting took place Wednesday, July 18, 2018 in the Village Hall. Trustees Olga Amador and Harry "Rocky" Hildebrand as well as Mayor Pro Tem Albert Esparza and Mayor Richard Bauch attended.

Esparza gave the Safety Committee update. They met that morning to discuss an incident involving a runaway grader. They suspect the brakes went out. Esparza asked for signs to be ordered to put up when the barrels are out to deter people from driving through them. Esparza also reported the training for 2018 has ended and the classes for next year begin in August.

To download a PDF of the release, please visit the following link: Freeport-McMoRan Reports Second-Quarter and Six-Month 2018 Results

PHOENIX--(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX):

  • Net income attributable to common stock totaled $869 million, $0.59 per share, in second-quarter 2018. After adjusting for net gains of $16 million, $0.01 per share, second-quarter 2018 adjusted net income attributable to common stock totaled $853 million, $0.58 per share.
  • Consolidated sales totaled 989 million pounds of copper, 676 thousand ounces of gold and 24 million pounds of molybdenum in second-quarter 2018.
  • Consolidated sales for the year 2018 are expected to approximate 3.8 billion pounds of copper, 2.4 million ounces of gold and 95 million pounds of molybdenum, including 970 million pounds of copper, 700 thousand ounces of gold and 24 million pounds of molybdenum in third-quarter 2018.
  • Average realized prices in second-quarter 2018 were $3.08 per pound for copper, $1,274 per ounce for gold and $12.89 per pound for molybdenum.
  • Average unit net cash costs in second-quarter 2018 were $0.96 per pound of copper and are expected to average $1.04 per pound of copper for the year 2018.
  • Operating cash flows totaled $1.3 billion (net of $0.2 billion in working capital uses and timing of other tax payments) in second-quarter 2018 and $2.7 billion (net of $0.2 billion in working capital uses and timing of other tax payments) for the first six months of 2018. Based on current sales volume and cost estimates, and assuming average prices of $2.75 per pound for copper, $1,250 per ounce for gold and $11.00 per pound for molybdenum for the second half of 2018, operating cash flows are expected to approximate $4.3 billion (net of $0.2 billion in working capital uses and timing of other tax payments) for the year 2018.
  • Capital expenditures totaled $0.5 billion (including approximately $0.3 billion for major mining projects) in second-quarter 2018 and $0.9 billion (including approximately $0.5 billion for major mining projects) for the first six months of 2018. Capital expenditures for the year 2018 are expected to approximate $2.0 billion, including $1.1 billion for major mining projects primarily associated with underground development activities in the Grasberg minerals district in Indonesia and development of the Lone Star oxide project in Arizona.
  • In April 2018, FCX repaid $454 million in debt, consisting of the redemption of $404 million of senior notes due 2022 and $50 million of senior notes due 2023.
  • At June 30, 2018, consolidated debt totaled $11.1 billionand consolidated cash totaled $3.9 billion. FCX had no borrowings and $3.5 billion available under its revolving credit facility at June 30, 2018.
  • On June 27, 2018, FCX declared a quarterly cash dividend of $0.05 per share on its common stock, which will be paid on August 1, 2018.
  • In July 2018, FCX and PT Freeport Indonesia (PT-FI) entered into a non-binding Heads of Agreement with PT Indonesia Asahan Aluminium (Persero) (Inalum) and Rio Tinto to establish a new long-term partnership between FCX, Inalum and the Indonesian government.

All photos by Frank Kenney

Pretty girls, handsome young and older boys and men, food and beverage, relaxation and lots of action—the Luna Rodeo on July 21, 2018 had it all. Photographer Frank Kenney caught it all.

Photos by Mary Alice Murphy

Saturday, July 21, 2018, had several activities for those exploring clay. Mud Fun drew in the kids and the adults who wanted to play, too.

Photos by Alexis Rico

Many people from near and far were in the downtown area of Silver City to enjoy snacks, music, and all the clay works from the 2018 Silver City Clay Festival as part of the Silver City Art Association’s Red Dot Gallery Walk. Many of the local galleries had the clay works from this year’s clay festival on display for visitors to admire and enjoy.

Photos and article by Mary Alice Murphy

Karen Rossman, who worked at the Western New Mexico University in the 1990s, noted that at that time, the building did not have air-conditioning. "It's nice now."

SANTA FE, NM – The Energy, Minerals and Natural Resources Department, Forestry Division has lifted smoking, firework, campfire, and open fire restrictions for all state lands effective Thursday, July 26, 2018 at 12:01 p.m.

“We continue to encourage New Mexican’s and visitors to our state to be vigilant and use caution with any use of fire and to follow all federal or local restrictions that may still be in place,” said New Mexico State Forester Donald Griego.

Forestry will continue to monitor conditions statewide and may implement restrictions again if the fire danger worsens. For more information regarding fire restrictions in New Mexico, log on to NMForestry.com or FireRestrictions.us.

Photos by Mary Alice Murphy 

img 1690From left are volunteer servers, Rennie Mariscal, Barbara Barela-Ontiveros, Michelle Carillo and Rexine Sierra.Gila Regional Medical Center held a celebratory cook-out the day after the County Commission on July 19, 2018, made the decision to keep the hospital county-owned and community-managed

David Carter, an orthopedic nurse at GRMC for 14 years, said he was glad to see the decision. "We have a good hospital, but we do have to do some work."

Live from Silver City

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