Save the Scenic Santa Ritas

Fighting to protect the Santa Rita and Patagonia Mountains from the devastating impacts of mining.

  • Facebook
  • Twitter

Generic selectors
Exact matches only
Search in title
Search in content
  • Home
  • About Us
    • Contact
    • Board of Directors and Staff
    • Endorsements
    • Opposition and Resolutions
    • Volunteers and Friends
  • Background
    • Rosemont Mine
      • History
      • Impacts
        • Air Quality
        • Land Use
        • Wildlife and Habitat
        • Scenic Views
        • Heritage
        • Recreation
        • Economy
        • Water and Hydrology
    • Legislation
    • Copper
    • Patagonia Area Mines
  • In the News
  • Action
    • Donate
    • Volunteer
    • Join Mailing List
    • Endorse Us
    • SSSR Presentation
    • Show Your Support
    • Letter Writing
  • Events
    • Past Events
  • Resources
    • Visual Media
    • Links
    • Documents and Reports
    • 1872 Mining Law
    • Inspiration
  • Projects
    • Lens on the Land
      • Biodiversity
      • Culture
      • Economy: Industry, Tourism & Recreation
      • The Land
      • Night Sky and Astronomy
      • Water Resources
    • Rosemont Mine Truth
  • E-news Archive

ACC Complaint

March 29, 2012 By Administrator Leave a Comment

PRESS RELEASE – 3/29/12

Rosemont Copper Conceals Prior Bankruptcy in Arizona Filings
Local Group Asks: “What Else Are They Hiding?”

Contact: 520-990-8172; fcausey@gmail.com

The complaint and supporting documents can be downloaded below:

COMPLAINT_TO_ACC.pdf

Complaint_Volume_I.pdf

Complaint_Volume_II.pdf

(Tucson, Ariz.) A formal complaint was filed today with the Arizona Corporation Commission alleging Rosemont Copper, a wholly owned subsidiary of Augusta Resource Corporation, repeatedly submitted false statements that concealed a corporate bankruptcy involving two of Rosemont’s top officers.

Arizona law requires companies to affirmatively disclose whether its officers or directors have ever been subject to corporate bankruptcy proceedings. Knowingly filing false statements on the disclosure forms is a felony criminal offense in Arizona and provides grounds for the state to dissolve the company.

“For the past seven years, starting with its initial application, Rosemont Copper filed statements falsely asserting that none of its officers or directors had been an officer of another company placed into bankruptcy,” said Vince Rabago, a Tucson attorney and former Arizona prosecutor.

Public information and Canadian securities records reveal that key Rosemont officers — Donald B. Clark and Richard W. Warke — served as officers of West Coast Plywood Company Ltd., a company placed into bankruptcy in Canada on July 27, 1995. Warke’s and Clark’s other companies disclosed the West Coast Plywood bankruptcy to Canadian securities regulators in May 2005. Just one month later, Rosemont Copper filed its incorporation papers in Arizona, failing to disclose that bankruptcy.

“We know they’re not telling the truth in Arizona,” Rabago said, “because the bankruptcy was acknowledged in corporate filings elsewhere. What else are they hiding?”

Rabago filed the complaint on behalf of Save the Scenic Santa Ritas, Inc. (SSSR) a coalition comprised of local businesses, organizations, and individuals opposed to Rosemont’s plans for a massive open-pit copper mine in the Santa Rita Mountains near Tucson.

Augusta Resource is a publicly traded company in the United States and Canada. Warke is chairman of Augusta Resource and Clark is on the board of directors. Rosemont is seeking regulatory approvals to develop a massive open-pit copper mine on private and public land in the Santa Rita Mountains.

This complaint follows two earlier complaints filed by SSSR that asked U.S. and Canadian securities regulators to investigate alleged violations of securities laws in both countries. These complaints focused on Augusta Resource’s failure to disclose Warke’s personal bankruptcy and an insider trading settlement agreement on securities disclosure forms.

Filed Under: Rosemont

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • A great win today for our Santa Rita Mountains and for American public lands! May 12, 2022
  • “Uncelebrate!” The 1872 Mining Law is an antiquated law! Support Rep. Grijalva’s and Sen. Heinrich’s legislation, the Clean Energy Minerals Reforms Act of 2022 instead! May 10, 2022
  • Oak Flat event here in Tucson, May 11, 2022 May 9, 2022
  • Dismissing Native American concerns, Hudbay keeps moving dirt (AZ Luminaria feature) May 7, 2022
  • Arizona Public Media’s “The Buzz” interviews Save The Scenic Santa Ritas for episode on mining. May 6, 2022

NEWSLETTER SIGNUP

Sign up to receive important updates straight to your inbox! We will guard your privacy and will not provide your email to anyone else.

RSS Latest from Rosemont Mine Truth

  • Hudbay says it is developing plans to build at least three open-pit copper mines on west side of Santa Rita Mountains October 6, 2021
  • Hudbay tells investors and analysts that it owns enough land to mine the western side of the Santa Rita Mountains August 12, 2021
  • Rosemont will destroy Santa Rita Mountains to export copper overseas May 18, 2021
  • Pima County reaffirms resolution opposing Rosemont Mine April 19, 2019

Selected Lens on the Land Photographs

Land
Members of the Tohono O'odham Legislative Council, by Jeanne S. Broome
Night Sky
Water Resources
People
Economy
Biodiversity
Hiking at the Rosemont Site, by Dennis Caldwell
PlayPause
 

Litigation Update

Oral arguments for our case before the 9th Circuit Appeals Court were held on February 1, 2021. Because of COVID, the oral arguments were virtual, and we could listen in. You can watch the recording here.

We cannot predict when we will hear a decision, but we expect to have to wait several months.

Click here for more updates

DONATE

Copyright © 2022 · Save the Scenic Santa Ritas