The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 13 of 13
Donlin Creek LLC, the 50-50 joint venture between NovaGold Resources Inc. and Barrick Gold Corp., has renegotiated its lease on the Donlin Creek gold project in southwestern Alaska. The Calista Regional Native Corp., owners of the property that holds the 40-million-ounce gold deposit, said the renewed lease provides the miners the additional time and land to mine the gold-rich ore, while maximizing benefits for its more than 13,000 shareholders. Calista Corp. owns 6.5 million...
I recently attended the Prospectors and Developers Association of Canada convention in Toronto where a buoyant, project-hungry crowd of 22,000 created enough of its own hot air to start the Greenland Icecap melting. In a clear case of anthropogenic global warming, representatives of companies, governments and agencies rolled out their projects in efforts to see and be seen. Alaska was well represented at the conference and should see some new investment interest coming from...
The Red Dog Mine is almost surely going to close in a very few short months. Why? They are not out of zinc ore already. It is because there is a little gypsum in their wastewater. Gypsum! What does that portend? Gypsum is a common enough material. It is used in wall boards in home construction. It is made into plaster of Paris. You remember plaster of Paris. Kids use it to make volcano models. You get a little bag of it at the hardware store, add water, and soak newspaper...
Lawmakers took testimony March 19 on the idea of whether an independent review of the state's large-mine permitting and environmental standards is warranted in light of an anticipated mine permit application from the Pebble Limited Partnership. A joint panel of the Alaska House Special Committee on Fisheries and Senate Resources Committee held the hearing in response to a letter sent by the Alaska Board of Fisheries, which requests lawmakers "conduct a comprehensive...
A conviction-filled speech delivered by Pebble Limited Partnership CEO John Shively at the March 18 Resource Development Council of Alaska breakfast tackled the question on the minds of many in the audience: "What in the hell is going on in this country?" Though Alaska has not been hit as hard as the rest of the nation, the longtime Alaskan points to increased unemployment and dropping home sales as indications of the state's weakening economy. He said rural Alaska is being...
LIVENGOOD - International Tower Hill Mines Ltd. is rising to the challenges posed by Interior Alaska's sub-zero temperatures in successfully conducting a winter drill program here. The explorer completed more than 30 holes since it kicked off 20,000 meters of drilling at the Livengood gold project about 70 miles, or 110 kilometers, north of Fairbanks in early February. The company attributes the success of its winter campaign to the drill crews, an established camp and...
No discussion of opening Canada's Far North to mineral resource development could get far without the focus turning to Nunavut, the nation's newest and least-explored territory. At one-fifth the size of Canada, Nunavut contains 1,994,000 million square kilometers, or 770,000 square miles, (nearly three times the size of Texas). Much of the territory is underlain by Archean-aged rocks similar to those found in the most productive geology in Ontario, Quebec, South Africa, Australia, and Brazil. But much of this geology is...
Kinross Gold Corp. is making good on its promise to return to Canada. The gold producer entered into a definitive agreement with Underworld Resources Inc. March 16 to acquire 100 percent of the junior's outstanding common shares not already owned by Kinross for stock and cash valued at C$139.2 million. Kinross already owns 8.5 percent of Underworld's shares (on a fully-diluted basis). Underworld is the owner of the highly prospective White Gold property, which hosts a substantial new gold discovery 95 kilometers south of...
Meadowbank, Nunavut's newest gold mine, produced its first gold bar Feb. 27, marking an important milestone for owner Agnico-Eagle Mines Ltd. Workers poured the gold bar, which weighed 8,134 grams or 287 ounces (nearly 18 pounds), at the mine near Baker Lake. "The target is to produce about 300,000 ounces per year, so we should pour, once a week, a few bars," the mine's manager, Denis Gourde, said March 1. The 39,000-hectare, or 96,330-acre, Meadowbank property is located about 110 kilometers, or 68 miles, by road north of...
A recent settlement between the Alaska Public Offices Commission and anti-Pebble campaigners has incited passionate responses from groups on both sides of the issue. The Renewable Resources Coalition, Alaskans for Clean Water, and Robert Gillam agreed Feb. 26, by way of a consent decree, to pay the State of Alaska US$100,000 for alleged violations committed while campaigning for approval of an anti-mining initiative known as Ballot Measure 4 during the 2008 Alaska primary...
FAIRBANKS - Mining commonly brings to mind an industrial site littered with unavoidable hazards. Employees at Kinross Gold Corp.'s Fort Knox Mine near Fairbanks, Alaska, are proving this perception to be false. On March 6, some 500 employees at the Interior Alaska gold mine reported working 3 million hours without a lost-time accident. Fort Knox General Manager Lauren Roberts credited the mine employees' commitment to the highest safety standards and hard work with the mine's...
While the White Gold Project continues to grab headlines, at least four other substantial gold projects in central Yukon Territory are quietly striding toward potential development. Yukon officials say it's all part of the plan. The gold projects reporting recent advancements include Victoria Gold Corp.'s Eagle gold project, Atac Resources Ltd.'s Rau Gold Project, Northern Tiger Resources Inc.'s Sonora Gulch Project, and Northern Freegold Resources Inc.'s Freegold Mountain Project. Global mining hot spot Yukon Energy, Mines...
Red Dog Mine operator Teck Resources is seeking answers after the U.S. Environmental Protection Agency made an unexpected decision regarding the appealed conditions of the wastewater permits needed to begin mining the Aqqaluk deposit. Instead of suspending the five permit conditions under dispute - which are the discharge limits for zinc, lead, selenium, cyanide and total dissolved solids - the EPA has decided to revert to the conditions of the previous permit issued to Teck...
