Tuesday, June 29, 2010

Mining, a Marine Terminal, and Mortgage Software in Local News

Mining Investment in Coos Bay
A Daily Journal of Commerce report tells of an Australian company investing $45 million to be the first miner of chromite in the U.S. Oregon Resources Corporation is an Oregon-based, wholly-owned subsidiary of the Australian company Industrial Minerals Corporation.

The planned mining site is at the beach of Seven Devils state park, located 15 miles south of Coos Bay. There, the company will extract chromite for use in the manufacture of steel casings. The mine expects to create 70 full-time jobs once open. Currently, West Coast Contractors has 20 employees on site doing the foundation work, and plans for 140 workers to construct the actual chromite processing facility, starting next month.

Grant for Marine Terminal in The Dalles
An article in The Oregonian reports on a new marine terminal in The Dalles with a cargo crane and docks for cruise ships and other watercraft. A $2 million federal Economic Development Administration grant to the city and the Port of the Dalles could offer a new option to companies shipping cargo on the Columbia River. Officials say that the project, which also includes $6 million in city and state funding, will generate 62 jobs and millions in private investment.

IBM Adds Jobs in Beaverton and Salem
Reports from The Oregonian and the Statesman Journal detail IBM plans to add 600 jobs to the Oregon workforce. Most positions will be located in Beaverton; Salem expects to see an increase between 90 and 95 jobs. The company plans to introduce new mortgage software tied to its recent acquisition of Beaverton-based Wilshire Credit Corporation, state and city officials said Monday.

The state and the city of Beaverton will contribute at least $350,000 toward workforce training to help fill those positions. Although officials on Monday were unable to say when the new jobs would go online, they say training could begin as soon as July and will be a boon to Oregon's stagnant economy.

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