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BUSINESS
November 27, 1991 | From Times Staff and Wire Reports
Unocal to Stop Molybdenum Mining: Molycorp Inc., a subsidiary of Unocal Corp., will suspend molybdenum mining and processing operations at Questa, N.M., in January, citing continued decline in the molybdenum market. Current spot prices are $2.10 to $2.15 per pound, down from $3.60 in 1989. The move will eliminate about 200 jobs. Meanwhile, Unocal subsidiary Union Oil Co. of California will buy the manufacturing and storage facilities of Chevron Corp.'s nitrogen fertilizer business.
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NEWS
April 24, 1997 | MARLA CONE, TIMES ENVIRONMENTAL WRITER
A stretch of the Mojave Desert, encompassing part of California's newest national park, is contaminated with radioactive toxic waste that repeatedly spilled last summer from a ruptured pipeline at the Mountain Pass Mine, according to federal and state authorities.
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NEWS
April 24, 1997 | MARLA CONE, TIMES ENVIRONMENTAL WRITER
A stretch of the Mojave Desert, encompassing part of California's newest national park, is contaminated with radioactive toxic waste that repeatedly spilled last summer from a ruptured pipeline at the Mountain Pass Mine, according to federal and state authorities.
BUSINESS
November 27, 1991 | From Times Staff and Wire Reports
Unocal to Stop Molybdenum Mining: Molycorp Inc., a subsidiary of Unocal Corp., will suspend molybdenum mining and processing operations at Questa, N.M., in January, citing continued decline in the molybdenum market. Current spot prices are $2.10 to $2.15 per pound, down from $3.60 in 1989. The move will eliminate about 200 jobs. Meanwhile, Unocal subsidiary Union Oil Co. of California will buy the manufacturing and storage facilities of Chevron Corp.'s nitrogen fertilizer business.
BUSINESS
January 25, 1988 | KEITH BRADSHER
The state's mineral industry is growing, with the extraction of gold and construction sand and gravel leading the way. A strong recovery by California's construction industry has pushed up sand and gravel production by 67.2% since the recession year of 1982 to an estimated 135.7 million short tons worth $536.8 million, according to the U.S. Bureau of Mines. The growth in gold mining has been even more spectacular. In 1980, just 4,078 ounces were produced.
BUSINESS
July 1, 1985
Stephen W. Chabre was promoted to chief operating officer of Dailey & Associates, a Los Angeles advertising agency. Republic Pictures Corp., Los Angeles, named Alex Tovar controller. Doyle Dane Bernbach/Los Angeles named Bruce D. Miller senior vice president. The advertising agency also named Don Ward and Jerry Gentile vice presidents. Unocal Corp., Los Angeles, named R. Gene Dewey president of its wholly owned subsidiary, Molycorp Inc.
BUSINESS
May 4, 2011 | By Tiffany Hsu, Los Angeles Times
Gerald Freeman was prospecting for gold in the Mojave Desert when he stumbled on Nipton. In 1984, it had become a virtual ghost town. Its sole resident lived in the trading post selling sodas to the occasional wayward traveler who might briefly stop to watch freight trains rumble past on the nearby Union Pacific railroad. But where most saw desolation, Freeman saw "a little place to make a home" and maybe some money too. The Caltech-trained geologist shelled out $200,000 to buy the tiny, tattered outpost.
BUSINESS
August 10, 1991 | MICHAEL PARRISH, TIMES STAFF WRITER
Unocal Corp., hard-hit by forces plaguing the oil industry, has begun a belt-tightening review of its 920-employee headquarters staff that could bring layoffs by the end of the year. The news was not unexpected in the wake of a 97% drop in second-quarter earnings for the Los Angeles-based energy company, as well as anticipated lower staffing needs as it continues to reduce its sprawling operations. "Do we have duplication, do we have two different departments that really do the same thing?"
BUSINESS
June 4, 1998 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Atlantic Richfield Co. and Unocal Corp. announced separately Wednesday that they will reduce or eliminate some non-oil operations to better focus on oil and gas exploration. Los Angeles-based Arco said it will reduce its ownership stake in Arco Chemical to 50% from 82.2% by selling stock to the public and to its former chemical subsidiary. The oil giant said it expects to receive $2.15 billion for the shares.
NEWS
April 20, 1994 | MELISSA HEALY, TIMES STAFF WRITER
The amount of toxic waste released into the environment by U.S. industries has declined for four consecutive years, even though total production of dangerous chemical compounds has continued to increase, federal officials reported Tuesday. The Environmental Protection Agency said that industries participating in its annual pollutant survey reported releasing a total of 3.2 billion pounds of toxic pollutants into the nation's air, land and water in 1992, down 6.5% from 1991.
BUSINESS
March 13, 2012 | By David Pierson
China's state media warned Tuesday that U.S. plans to press Beijing through the World Trade Organization over its control of special industrial minerals known as rare earths could trigger a backlash and sully bilateral relations. The official New China News Agency said in a commentary that China's export quotas were aimed at protecting its resources and environment in accordance with WTO rules. "It is rash and unfair for the United States to put forward a lawsuit against China before the WTO, which may hurt economic relations between the world's largest and second-largest economies," the commentary said.
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