Weekly News Bulletin: Oct. 19-25, 2004


Thomas Van Weelden Resigns from Allied Waste

In a move not altogether surprising since his demotion, industry maverick Tom Van Weelden has resigned from his posts at Allied Waste to "pursue other interests." Charles H. Cotros, Chairman of the Board of Directors and Chief Executive Officer said, "We thank Tom for all of his contributions to Allied Waste, and wish him much success in the future." Mr. Cotros will serve as President, as well as Chairman of the Board and Chief Executive Officer...Read More »



ADEM Rejects Plan For Hurricane Landfill

The Alabama Department of Environmental Management (www.adem.state.al.us) has rejected a proposed 15-acre landfill in Baldwin County (www.co.baldwin.al.us) to handle debris from Hurricane Ivan. The county's commission, as well as local cities, opposed the landfill, and the state determined that the county's existing landfills have the capacity to accept the debris. In addition, ADEM has no provisions to authorize a new landfill on an emergency basis without the normal permit procedures...Read More »



WTC Families File Suit Over Remains At Landfill

Families of victims of the World Trade Center attack are looking to the courts in an attempt to get tons of dust containing human remains removed from the Fresh Kills Landfill on New York's Staten Island. They are seeking a simple cemetery for the 1,200 victims whose remains have never been identified. The New Jersey Legislature has passed a bill ordering the local Port Authority to remove the ashes, but it is meaningless without similar legislation in New York. A group of victims' families has filed a notice of claim against New York City, the Department of Sanitation (www.ci.nyc.ny.us/html/dos), the Port Authority of New York and New Jersey (www.panynj.gov) and the Lower Manhattan Development Corp. (www.renewnyc.org)...Read More »



Sub-Surface Waste Management Wins California Cleanup Deal

Sub-Surface Waste Management of Delaware, Inc. (OTCBB: SSWM) has received regulatory agency approval for its proprietary cleanup technology for soil contaminated with a combination of rocket propellant and volatile organic compounds in California. In 2003, former California Gov. Gray Davis signed two bills requiring users of perchlorate during the past 54 years to report its use, storage or leaks. SSWM is developing treatments for perchlorates and VOCs in contaminated groundwater...Read More »



ExxonMobil Reports Hazardous Waste Dumping In Louisiana

ExxonMobil (www.exxonmobil.com) has reported to the Louisiana Department of Environmental Quality (www.deq.state.la.us) that it dumped and later excavated hazardous wastes that were placed in the Woodside Landfill in Livingston Parish on three occasions in 2003. According to the company, the 53 tons of industrial waste were contaminated by only about one pound of benzene, and the company's own internal audits discovered the benzene. ExxonMobil notified Waste Management (www.wm.com), which operates Woodside; DEQ officials said the case is still working its way through the regulatory system and no penalties have been assessed...Read More »



Perma-Fix Wins Hanford Cleanup Contract

Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) has won a multi-year contract for approximately $23 million to treat mixed low-level wastes generated at the Department of Energy's Hanford Site in Washington State, the largest environmental cleanup project in the world. Fluor Hanford, a prime contractor at Hanford, has awarded this contract to Perma-Fix to provide specialized thermal treatment for a variety of mixed low-level radioactive wastes generated at Hanford...Read More »



Waste Connections Reports Profitable Third Quarter

Waste Connections Inc. has reported that third-quarter profit rose 32 percent. For the three months ended Sept. 30, the company's earnings rose to $22.5 million, or 46 cents per share, from $17 million, or 37 cents per share, a year ago. Sales rose 13 percent to $165.4 million from $146.2 million, and according to company officials was the result of a focus on tailoring services to different local markets...Read More »



Bankruptcy Of Vendor Affects IMCO's Earnings

IMCO Recycling Inc. (NYSE: IMR) expects to report a net loss of about $.02 to $.03 per common diluted share for the third quarter of 2004, primarily because of the Sept. 30 bankruptcy filing by vendor Intermet Corporation. The bankruptcy will prevent IMCO from recognizing $3.2 million in revenues for the third quarter, which equates to about $0.11 per share. IMCO is seeking recovery of the funds through the bankruptcy process. IMCO's preliminary revenues for the third quarter of 2004 were about $283 million, a ten percent increase over the same quarter last year...Read More »


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