The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 9 of 9
Northern Dynasty Minerals Ltd. has hung a "for sale" sign on its 50 percent stake in the enormous Pebble copper-gold-molybdenum project. Since Wardrop Engineering Inc. completed an appraisal of the Southwest Alaska deposit, executives have touted the company's merits as a takeover target. "Given the state of the current industry, the competition in the industry and the commodity market conditions we believe that going forward there will be competitive interest in Pebble from a...
Can mining and Alaska co-exist? This query was the crux of Anglo American plc CEO Cynthia Carroll's message to Alaskans attending a March 3 gathering in Anchorage sponsored by the Resource Development Council. Carroll, whose company owns a 50 percent stake in the Pebble Project, said economic benefits from developing the enormous copper-gold-molybdenum project would emanate from Southwest Alaska and extend around the world, a message that resonated with the pro-development...
The Fraser Institute recently released its "Survey of Mining Companies, 2010/2011," an annual survey of exploration and mining companies that gauges the pros and cons of working in various countries around the world. This year the survey results came from 494 mining companies working in 79 jurisdictions and representing cumulative exploration expenditures of more than US$2.4 billion in 2010. There was a bit of honey and a bit of vinegar for Alaska in this report. Let's do...
An ancient Chinese aphorism advises that if you give a man a fish he will eat for a day, and if you teach him how to fish, he will eat for a lifetime. I am going to go way out on a limb here and suggest that contrary to all known experience, government is not uneducable. Here's my simple point: The Council on Environmental Quality has spent the last 40 years screwing things up. They have interpreted their mandate myopically; they have wasted literally forests of paper on...
Relatively little had changed during the past 12 months in how Alaska and Northwest Canada stack up to competing jurisdictions in opportunities for mining investment, according to a widely respected industry survey conducted by a Canadian public policy think-tank. But a worldwide economic turnaround has created optimism in the mining industry, with more than three-quarters of respondents in the Fraser Institute's Annual Mining Survey 2010-2011 saying they expect to increase their exploration budgets this year. "In order to...
Who says lightning can't strike twice in the same place? In just 32 days last summer, Atac Resources Ltd. rocketed from near-oblivion to ignite what is rapidly becoming the second modern exploration rush to Yukon Territory in recent years. Atac had explored a small area in the western portion of its Rackla Gold (formerly Rau) Project in east-central Yukon for several years. After making an impressive gold discovery in 2008, the company has drilled about 26,000 meters in 132 holes through 2010 in the Tiger Zone. As recently...
All bets are off, but prospects for the project most likely to succeed in becoming the next producing mine in Northwest Territories got a boost recently when its developer commissioned a new feasibility study. Canadian Zinc Corp. in February reported engaging SNC-Lavalin Inc. to complete the feasibility study in 2011 for the underground Prairie Creek Project, a longstanding mining venture where it hopes to capitalize on several decades of development work to produce lead and zinc concentrates and a silver-bearing copper...
Will the next decade usher in a mining renaissance in Alaska? With six operating mines producing some US$3 billion worth of minerals in 2010 and another 10 projects positioning themselves to join the ranks, mining in the Far North state is beginning to show a glimmer of its former glory. A century ago dozens of mines were operating across the Last Frontier, including world-class operations such as Treadwell, the largest gold mine of its time, and Kennecott, considered to be...
Less than two years after completing its initial public offering, Fire River Gold Corp. is positioned to commence production at its Nixon Fork Gold Mine in Interior Alaska. Building stockpiles of ore with gold grades of more than 1 ounce per metric ton, the young junior is preparing to start up the historical mine in June. With Fire River Gold nearing a point where it will generate its own revenue stream, company founder Harry Barr is stepping down as president and CEO of the...
