The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
FAIRBANKS - The U.S. Environmental Protection Agency endeavor to use a presumed authority under Section 404(c) of the federal Clean Water Act to pre-emptively ban the permits required to develop the Pebble Mine cast a dark shadow over the Arctic International Mining Symposium, a mining convention held in Fairbanks every other year. "We have a federal government that, as far as I am concerned, contains people that are intent on shutting down our state's economy," Pebble Partner...
GFMS formerly known as Gold Fields Mineral Services) recently announced their outlook for gold prices in the coming months, estimating average 2014 gold prices in the US$1,225 per ounce range. The price forecast is 13 percent less than the 2013 average of US$1,411/oz. Physical demand, including official sector purchases, came in at an all-time high of 4,957 metric tons in 2013, a 15 percent increase over 2012 and some 703 metric tons higher than the supply of new gold and...
The Spring Conference of the Alaska Miners Association was held in Fairbanks last week at a new location. The fact that the conference was held in a larger facility and was very well-attended verifies that despite the ongoing assaults the industry is experiencing, there is no shortage of optimism in the field. The trade show boasted over 130 vendor booths and the overall registration well-exceeded 300. A significant part of the discussions related to the future of the Pebble...
FAIRBANKS - The Arctic International Mining Symposium in Fairbanks afforded Interior Alaska mines the opportunity to provide an update on the latest developments at local operations. While the mines touted individual achievements in 2013 - record gold at Fort Knox, new discoveries at Pogo and a new deposit at Usibelli - a commitment to and appreciation of people was a common thread spun through messages from all three operations. "Without the people you might as well shut the...
Scotiabank's Commodity Price Index, having lost steam in late 2013, is expected to bottom out this spring and rally in the second half of 2014 on stronger global growth, Scotiabank Vice President, Economics Patricia M. Mohr told an overflow crowd attending the 2014 Nunavut Mining Symposium in April. Mohr, a commodities market specialist at the Toronto-based international bank, again opened the 17th annual gathering, held April 7-10 in Iqaluit, NU, the northern territory's capital. She said growth in the global manufacturing...
Alaska's venerable Institute of the North has organized a mining summit for developing effective strategies for mining success in the northernmost regions of the Western Hemisphere. The Northern Regions Mining Summit, to be held May 28-30 in Vancouver, B.C., will address the social, cultural and economic impact and opportunity of mineral resource development for northern peoples in Alaska, Northwest Territories, Nunavut, Yukon Territory and Greenland. The Alaska-based think tank is co-sponsoring the summit in partnership...
The real-life scandal that helped shape modern gold mining and investment regulations for junior exploration companies has surfaced again. But this time, it comes to the fore in a new novel written by one of the peripheral players in the actual saga. Alfred Lenarciak, chairman of Minorca Resources Inc., recently released "Bre-X: Dead Man's Story," a largely autobiographical tale based on many actual events in the biggest Canadian stock scandal in the country's history. Lenarciak, a Poland-born emigrant to Montreal in 1975...
The Bokan Mountain and Niblack mineral projects are attracting substantial support from Alaska lawmakers. This vote of confidence may result in a financial boost needed to develop the Prince of Wales Island deposits into mines during an otherwise tight financial market. "In southern Southeast (Alaska), we are working on legislation right now to create hundreds of new jobs at Niblack and Bokan," Alaska Gov. Sean Parnell said during an April 10 keynote address at the Arctic Inte...
