The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 12 of 12
Former Redfern Resources Ltd. CEO Terrence Chandlar is taking another shot at reopening the Tulsequah Chief Mine on British Columbia's western border, about 45 miles, or 70 kilometers, east of Juneau. Under Chandlar's leadership, Redfern Resources had gained the regulatory approval needed from Canadian agencies to reopen the copper-gold-silver-zinc-lead mine and was working with Alaska officials to obtain permits required to transport metals concentrates through Alaska on the...
The annual Fraser Institute "Report on Mining Companies, 2009-2010" was recently released to a thundering silence. Several oddball items may help explain the lackluster response, but Alaska fared well in the survey of 333 companies working in 72 jurisdictions worldwide. Alaska ranked 18th out of 72 under the policy potential index, which measures the regulatory attractiveness of a jurisdiction. Not unreasonably, Alaska was beaten by some mining heavyweights like Chile, Quebec,...
Mark Twain once pointedly observed that "no man's life, liberty or property is safe when the Legislature is in session." Certainly, we can all feel much safer when the 90th day of the Alaska Legislature arrives - especially this most recent Legislature, which, fortunately, was prevented from doing too much harm by a split Senate. Nonetheless, there were threats that unresolved issues would be tossed back on the table once again next year. Among the issues that just won't seem to accept perpetual sublimation as its fate is the...
Just as it entered the last lap of its race to develop an oxide copper deposit near Carmacks, Yukon Territory, Western Copper hit a bump in the road that could prove insurmountable for the Vancouver, B.C.-based junior mining company. In a decision released May 10, the Yukon Water Board refused to license the copper project, saying the company's proposed heap leach method for extracting the copper is unproven, not adequately explained and poses too many risks to the Yukon environment. But Western Copper, which has faced other...
Larry Davey, the general manager of the Pogo Gold Mine since 2007, passed the torch to his successor May 12. The transfer of leadership marks the completion of the transition of Alaska's highest producing gold mine to its new owner, Sumitomo Metal Mining Pogo LLC, a partnership between Sumitomo Metal Mining Co. Ltd. (85 percent) and Sumitomo Corp. (15 percent.) "The transition has proceeded smoothly with great support from Teck. The first portion of the transition was to move...
While many mining companies boast about their pipeline of projects, Barrick Gold Corp. and NovaGold Resources Inc. are studying the feasibility of building an actual pipeline 320 miles, or 515 kilometers, across Alaska to their 33.6-million-ounce Donlin Creek gold project. If the economics makes sense, natural gas shipped via pipeline from Alaska's Cook Inlet would replace the diesel proposed by the 50-50 partners in a feasibility study completed in 2008 as the fuel to generat...
In its quest to become a self-funded gold mining company, Golden Predator Royalty & Development Corp. is making major changes this year and mounting an unprecedented exploration offensive in Yukon Territory during the 2010 summer field season. The Vancouver, B.C.-based junior unveiled a name change May 21 and the appointment of a new vice president of exploration for its Canadian assets. Golden Predator said it would become "Golden Predator Corp.," effective May 25. The company said the name change was made to reflect its man...
When the financial storm of late 2008 wreaked havoc on global markets, Millrock Resources Inc. refrained from splurging its precious cash on expensive drill campaigns. But it didn't it sit idly by waiting for better economic times either. Instead, the Vancouver, B.C.-based junior invested its wealth of geological experience in identifying promising grassroots gold and copper projects. Millrock also formed key alliances with financially stable miners wanting to invest in projec...
Areva Resources Canada Inc. is working away at its plan to develop the Kiggavik Project in Nunavut within the next decade. A subsidiary of France-based Areva, the world's largest uranium producer with output of 22 million pounds in 2009, Areva Canada considers the 10-year plan very good news. That's because a decade in the world of uranium mining is a relatively brief interlude. "Uranium mining is a long-term business," said Areva Canada executive Richard Gladue told a crowd at the 2010 Nunavut Mining Symposium in Iqaluit in...
The looming shutdown of mining at Red Dog has, for the time being, been averted. After lengthy discussions with the U.S. Environmental Protection Agency and a comprehensive review of its operating plans for the zinc-lead mine, Teck Resources Ltd. has decided to begin preparing the Aqqaluk zinc-lead-silver deposit for mining scheduled to begin late this year. "Our discussions with EPA have been constructive, and after carefully considering the environment, our employees and...
Results rolling in from Fire River Gold Corp.'s multifaceted evaluation of Nixon Fork bode well for a near-term startup and the long-term potential of the high-grade gold mine in Interior Alaska. Richard Goodwin, who was named Nixon Fork project manager in March, is leading a geological and engineering team that is studying the viability of reprocessing gold-laden tailings through a carbon-in-leach circuit at the mine. Goodwin is a mining engineer with more than 25 years of...
Victoria Gold Corp. is heading into its second season of exploring its Dublin Gulch gold property 85 kilometers north-northeast of Mayo in central Yukon Territory in hopes of expanding the Eagle Gold Project and following-up on promising 2009 trenching results in the Olive and Shamrock zones. Nearly one year after acquiring StrataGold Inc., the former owner of Dublin Gulch, Victoria is still happy with the deal. "We acquired StrataGold because we liked their Yukon assets," said Victoria President and CEO Chad Williams. "There...
