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
BC Hydro Power Smart and the University of British Columbia are collaborating on a new research initiative that will explore energy conservation in the mining and minerals industry. As the founding sponsor, BC Hydro's primary goal is to identify opportunities to introduce technologies with the potential to improve electricity efficiency in the minerals industry by at least 20 percent. BC Hydro is the third-largest electric utility in Canada, generates between 43,000 and 54,000 gigawatt-hours of electricity annually -...
Spring has arrived in Alaska and the mining industry is heading to the hills to do its work. Compared to last year, the state is a quiet place in the sun due to drastically reduced exploration and development budgets. Alaska's mines continue to benefit from the sharply reduced costs of power, diesel fuel, labor and other goods and services, but worldwide economic uncertainties have dried up the availability of venture capital for smaller exploration companies and have made...
Although it is somewhat unusual, the U.S. Supreme Court asked the parties and amici (friends of the court) in Coeur Alaska, Inc. v. Southeast Alaska Conservation Council (the Kensington case) to brief two supplemental questions concerning possible applications of the Clean Water Act to the Kensington project in Southeast Alaska. Essentially, the Court asked whether, if effluent from the mine was deemed a pollutant, the underlying Record of Decision by the Forest Service would...
An environmental products maker and a British Columbia Native group have jointly won the western Canadian province's 2008 Mining and Sustainability Award. The honor is awarded annually by the Mining Association of British Columbia and the British Columbia Ministry of Energy, Mines and Petroleum Resources to organizations that show exceptional commitment to advancing and promoting sustainable development in the B.C. mining sector. Pierre Gratton, president and CEO of the MABC, presented the awards May 4 to Absorbent Products...
Fire River Gold, a junior exploration company focused on gold exploration in Alaska and Canada, has issued 2 million common shares at a per-share price of C30 cents in an initial public offering. The IPO, which closed May 22, netted nearly C$500,000. Fire River Gold is one of two known Canadian junior miners to successfully close an IPO in 2009, according to company officials. Fire River is scheduled to begin trading on the Canadian National Stock Exchange under the symbol,...
Sabina Silver Corp. is striving to grow into its role as developer of the giant Hackett River silver-zinc property in Nunavut, which it calls "Canada's last mining frontier." New management took charge of the Vancouver, BC company in 2008 and set about crafting a new strategy to bring the property, one of the three largest silver deposits of its type in the world, into commercial production. Fueled with a fresh perspective developed in a rigorous review last fall, Sabina told investors this spring that the Hackett River...
Underworld Resources Inc. struck a much thicker band of gold-rich mineralization in early drilling this season, the company reported May 26. Initial assay results from the Vancouver BC-based junior's second season of drilling into the Golden Saddle zone at the White Gold property in Yukon Territory revealed a new 100-meter-thick band of gold mineralization much deeper than the original near-surface discovery. The new zone, roughly 100 to 200 meters deep, averaged more than 3...
Since Mantra Mining Inc. emerged in September as the vehicle in which NovaGold Resources Inc. would spinoff its non-core assets, the Vancouver B.C.-based junior has positioned itself to become a major player on the Alaska mining scene. Over the past eight months, Mantra has acquired whole or part interest in more than 417,000 acres of mining properties in western Alaska, assembled an impressive management team and board of directors (including two Thayer Lindsley award winners...
If it were entirely up to Copper Ridge Explorations Inc., the project generator would explore most of its mineral properties in Yukon Territory, northern British Columbia and Alaska this summer. But tough economic times have forced the Vancouver, B.C.-based junior to pick and choose among its 12 key projects, betting precious dollars on a handful of ideas that could pay off with additional exploration by catching the eye of future partners or investors. Fortunately, some of Copper Ridge's projects have already hit that magic...
Copper Ridge Exploration Inc. got its start 10 years ago when Gerald Carlson and Mark Fields organized the company. Prior to forming Copper Ridge in 1999, Carlson was president and CEO of La Teko Resources Ltd., which held gold claims near the Fort Knox Mine in Interior Alaska. Fields also worked for La Teko until Fort Knox owner Kinross Gold Corp. acquired that junior. The geologist also was involved in the acquisition and development of the Diavik diamond mine for Rio Tinto Ltd., and has since moved on to other ventures....
Coeur Alaska, developer of the Kensington Project near Juneau, is drawing the ongoing support of Alaska and Alaskans as it continues its legal battle to gain regulatory permission to begin gold production. The case involves a challenge to a permit issued by the U.S. Army Corps of Engineers that allows the proposed mine to dispose of waste rock created during production in a nearby lake. Coeur hopes the permit will be upheld by the U.S. Supreme Court, which is currently...
Although the Supreme Court is still deliberating the fate of the Kensington project's tailings permits the Juneau assembly is proactively opposing proposed federal legislation that could override a ruling in favor of Coeur. The Juneau Assembly passed a resolution April 6 opposing the U.S. House bill H.R. 1310, the "Clean Water Protection Act," by a margin of 5-4. The assembly's opposition to H.R. 1310 - which would amend the Federal Water Pollution Control Act to redefine...
NovaGold Resources Inc. not only survived 2008 - a year marked by skyrocketing development costs, an unstable financial market as well as environmental and mechanical setbacks at its projects - the embattled miner rocketed into 2009 with its core assets intact and cash in its pocket. In NovaGold's 2008 year-end report, the company described the previous 12 months as challenging for precious metals stocks, including its own. Setbacks at NovaGold's Rock Creek Mine near Nome and...
