NEW YORK An environmental
group has filed a complaint with the Arizona Corporation
Commission (ACC) alleging that Rosemont Copper Co. owner
Augusta Resource Corp. failed to disclose information about two
directors prior involvement with another company placed
Donald B. Clark and Richard W.
Warke, members of Augusta Resources board, allegedly
failed to disclose to state regulators that they served as
officials of West Coast Plywood Co. Ltd., a Vancouver, British
Columbia-based company that filed for bankruptcy protection in
Canada in July 1995.
Tucson, Ariz.-based Rosemont
Coppers alleged failure to disclose that information to
the state "calls into question the existence of the company as
a valid Arizona company," according to a complaint filed with
the ACC by non-profit group Save the Scenic Santa Ritas
"We did not disclose the
bankruptcy because it was not required," an Augusta Resource
spokeswoman told AMM in an e-mail. "Based on advice we
received from our legal counsel at that time, which still
holds, we complied with the disclosure laws in Canada and
Arizona, which require different items to be disclosed. We are
not trying to hide anything."
Vancouver-based Augusta Resource
has estimated that the Rosemont Copper project in Pima County,
Ariz., which has encountered several hurdles related to
environmental permitting, will produce 221 million pounds of
copper annually, with commercial production targeted for 2014.
The company originally expected commercial production to start
in 2012 (AMM, Jan. 24).