The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Jurisdictions such as Alaska and British Columbia have long mining histories dating back more than 100 years. Throughout this time the industry has seen tremendous changes and advancements, in particular implementation of modern environmental and reclamation practices that are a far cry from those of historic operations. Today, overwhelming proof exists that land reclaimed from a mine can go on to once again support natural wildlife habitat. It's true that historic mining's legacy is not always viewed in a positive light,...
As the price of gold soars to all-time highs and physical demand climbs in the face of a weakening U.S. dollar, gold companies are embracing new approaches and shifting focus from pure gold deposits to polymetallic, or gold-containing, base-metal deposits in the quest to augment diminishing reserves. The scarcity of world-class gold deposits is already taking its toll on the industry's bottom line. Since 2001, the number of gold discoveries has trended downward, and global output has shrunk nearly 5 percent per year. This...
For many undercapitalized junior mining companies, the past 12 months have been a sort of annus horribilis. As capital remains tight in the current economic climate, financing for speculative exploration projects continues to be hard to come by. While the mining industry overall is coping with the global shortage of capital, recent surges in gold prices are causing renewed activity (including mergers and acquisitions), helping that sector to buck the trend. Many mining companies were caught off guard by the economic events...
Few can argue that the business of mining and mineral development has evolved dramatically in recent years. Engineering standards. Environmental safeguards. Regulatory oversight. Operational efficiencies. Health and safety performance. Even community development. Each of these critically important dimensions of planning and operating a modern, socially responsible mine has advanced light years since the term 'sustainable development' entered the public lexicon in the early 1990s. But for all that, mining is still viewed by...
