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
At the recent Prospectors and Developers Association of Canada meeting in Toronto, Dr. Richard Schodde, managing director of MinEx Consulting, presented some key factors which affect the time span between a mineral discovery and start-up of commercial mining. The study reviewed about 3,500 nonferrous metal deposits discovered between 1950 and 2013. Dr. Schodde's findings suggest that only 45 percent of all discoveries made since 1950 have turned into mines. The rate is...
I have often mused about why the mining industry is held in such disdain in the United States today. It wasn't always that way. When I was a child, the mining industry was the subject of song and saga, and before that, there was the day when the incessant stamp mills of mines like the A.J. in Juneau were the sound of a full lunch pail. People respected hard work and knew intuitively that basic industries were from whence our raw materials evolved into consumer goods that made...
The languishing price of zinc has provided little incentive for investors to embrace companies seeking to explore and develop the next generation of mines that produce this essential metal. However, an expected 1.5 million metric tons of supply being lost to mine closures by 2016 is beginning to galvanize the zinc sector. "In the case of zinc, this is a metal that's been unloved for a long time. As a result there has been very little investment put into the industry. Due to th...
Zinc is at a supply-demand tipping point that has miners and investors looking to cash in on an imminent shortage of this essential metal which has been in oversupply for nearly a decade. "We believe the outlook for zinc is the most favorable of the base metals. With recent and expected closures of a number of zinc mines, we believe that approximately 1.5 million metric tons of current zinc mine production will be closed by the end of 2016 in a 13 million (tpa) market," Teck...
The U.S. Environmental Protection Agency is drawing fire from lawmakers, business groups, project developers and the state of Alaska over its handling of the Bristol Bay Assessment and associated attempt to prevent the Pebble Mine project from getting the opportunity to have a fair hearing under established permitting regulations in the United States. Mounting pressure from various parties has persuaded the EPA Office of Inspector General to launch an investigation of the...
Led by a few key projects, mineral exploration activity held its own in Nunavut in 2013, despite a tough funding environment and stiff competition from other attractive mining jurisdictions around the world. Although the Far North territory has only one operating mine, at least eight mineral projects are currently hurtling through development and the permitting process on their way to production. Of these, two projects - one gold and one iron - have project certificates, and six projects are advancing through the...
All exploration in the Kitikmeot region of Nunavut in 2013 was carried out in search of gold and base metals. Mid-tier and major companies conducted most of the work, with mineral exploration and deposit appraisal expenditures totaling an estimated C$121 million in the northern territory's westernmost region. MMG Resources Inc. continued work at its Izok Corridor and Hood zinc-copper projects. The Izok Corridor project includes the High Lake and Izok Lake volcanogenic massive sulfide deposits. Exploration on the Izok Corridor...
WestMountain Gold Inc. has gained full ownership of the Terra project and now has its sights set on recovering 3,000 to 5,000 ounces of gold from this high-grade property over the coming summer season. "I am pleased to announce that we now have 100 percent ownership of the Terra mine project. With this milestone accomplished, WMTN (WestMountain Gold) is now focused on raising operating capital to continue gold production at our high-grade gold mine in Alaska," WestMountain...
Kivalliq, located northwest of Hudson Bay and sharing a border with the Northwest Territories and Manitoba, is the heart of Nunavut's gold country. This central region of the territory is also the home of Nunavut's sole operating mine, Meadowbank. The region's diverse geology hosts a number of mineral occurrences and deposits, particularly gold, uranium, nickel, platinum group elements, base metals, rare earth elements, and diamonds. In 2013, exploration activity in the Kivalliq Region primarily involved gold and uranium,...
