USMXUnited States Maritime Alliance, Ltd.
USMXU.S. Minerals Exploration
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From 1988 to 1990, USMX produced gold from a series of open pits known as the 'C', 'C-North' and 'B-pits', hosted within limestones of the Mississippian Chainman formation.
ILA and USMX said that the contract is subject to ratification by ILA members at ports from Maine to Texas and by the USMX membership, adding that the current USMX-ILA Contract expires on September 30, 2018.
One reason has to do with the fact that the USMX was unable to achieve any cost reductions for its members in the master contract.
The ILA, which represents some 15,000 longshoremen at 14 major ports from Maine to Texas, and USMX were scheduled to begin a three-day bargaining session to build on earlier talks, but those negotiations ended after only 20 minutes.
The ILA and USMX discussed the idea of early agreement on a new or extended contract that would avoid deadline negotiating at the end of the current agreement.
Maritime Alliance (USMX), which represents port operators and shipping companies, broke down.
Maritime Alliance (USMX), which represents port operators, reportedly have not made much progress in negotiations since then, which could lead to a shutdown of ports from Maine to Texas, including New Orleans, Houston, Savannah, New York/New Jersey and Portland.
Dakota Mining, which operates in the Galena District, faced financial woes recently when its Alaskan subsidiary and operator of the Illinois Creek gold mine, USMX of Alaska Inc., filed for Chapter 11 bankruptcy protection.
3 The United States Maritime Alliance (USMX), a group of container carriers, direct employers, and port associations serving U.S.-based East and Gulf Coasts, and the International Longshoremen's Association (ILA), the largest union of maritime workers in North America, finally arrived to a state of labor peace in April.