The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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The mining company that’s been working Southeast Alaska’s rare earths project is enthusiastic about President-elect Donald Trump’s support for an independent U.S. strategic metals industry, which Ucore Rare Metals’ top executive says will favorably impact its plans for a domestic Strategic Metals Complex. According to Jim McKenzie, president and CEO of Ucore, China controls more than 90 percent of the global mining and production of rare earths ore and exhibits “near complete control over each subsequent stage of the suppl...
Follow-up studies of its 2004 drill program in the Canwell area of its MAN Alaska project look much better than originally thought, Nevada Star said March 23. As a result, the Vancouver-based junior mining company is moving forward with a more extensive geophysical and drill program on the nickel, copper and PGE property on the south flank of the Alaska Range 160 miles south of Fairbanks in 2005. (See Curt Freeman's column this issue.) "The results are much better than we initially thought," stated Robert Angrisano,...
Mining giant Placer Dome Inc. announced a 24 percent growth in earnings in 2004 to $284 million, partly due to "a number of tax items resulting in a net tax recovery of $130 million," the company said in a press release in mid-February. Sales revenue increased 7 percent to $1.89 billion on gold production of 3.65 million ounces and copper production of 413 million pounds. Gold cash and total costs were $240 and $298 per ounce, respectively, while copper cash and total costs were 55 cents and 70 cents per pound, respectively....
A recent Dow Jones report puts a slightly more definite timetable on what NovaGold Resources has been telling Alaskans for the last year: That it's getting ready to make the leap from explorer to mine operator when it starts production at what will be both its first producing mine and the Seward Peninsula's first hard rock gold mine since World War I. NovaGold President and Chief Executive Officer Rick Van Nieuwenhuyse told Dow Jones in late January that if all goes according to schedule the company's Rock Creek project...
The U.S. Forest Service has approved Coeur Alaska's plan for its Kensington underground gold mine in Southeast Alaska, releasing its record of decision Dec. 17 for the project's final supplemental environmental impact statement. The EIS includes four different plans that were evaluated for the mine, which is about 45 miles north-northwest of Juneau in the Tongass National Forest, including Coeur's first development plan that was permitted in 1997. Citing economic feasibility problems, Coeur changed its development plan and...
