The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 10 of 10
Thanks to rising revenue, exports, production and prices, the mining industry in British Columbia is racing toward a potential record year for exploration, development and production activity. The province's mining boom is being fueled by the global recovery in manufacturing, and in particular the strong demand for raw materials in Asia, according to B.C. officials. In 2010, the price of metallurgical coal rose by 70 percent, while prices for copper climbed 45 percent, silver by 37 percent and gold by 25 percent from 2009....
Every year about this time, I notice new ways to gauge just how busy the Alaska mining industry is. This year, it is the silence. Not the amazing silence of a mountaintop in the Alaska Range but the virtual and literal silence being practiced by the people who make up the industry. In an age where communications options are abundant and the opportunity to be "connected" is a 24-7 reality, people in the Alaska mining industry go silent in the depths of summer, primarily...
Although I am easily impressed, one of the most impressive things about living in Alaska to me has always been the opportunity to rub elbows with so many great men and women who not only witness our modern history, but also frame it. When I first came to Alaska, there were people still living who recalled the first gold rush miners rafting down the Yukon. The people who built the Alcan Highway were still moving dirt. Construction of the railroad, for some, was still a vital...
China Minerals Mining Corp., formerly Hawthorne Gold Corp., is gearing up to begin its 2011 exploration program at the company's two northern British Columbia gold properties, Table Mountain and Taurus. China Minerals is the result of a fortuitous meeting of Hawthorne principle co-founders Richard Barclay and Michael Beley with a major shareholder, Skyocean Holding Co. Ltd. The two well-known Canadian miners visited Beijing in late 2009 to meet with executives of the private Beijing-based development company and came away a...
Alaska boasts some of the largest metals deposits on earth as well as vast quantities of coal, oil and natural gas. Ironically, companies such as Donlin Gold LLC (formerly Donlin Creek LLC) and Pebble Limited Partnership are looking overseas to find a reliable source of natural gas as they study the economics of building global-scale mines at their projects. "My guess is, our base case will be imported LNG. Which seems sort of weird to import natural gas into the State of...
While most fortune-seeking juniors and investors joining the recent stampeded to Yukon Territory are scrambling to acquire properties in the highly prospective White Gold area located in the central Dawson Range and the eastern Selwyn Basin districts, a few canny explorers are quietly staking claims far from the heavy traffic in the southwestern corner of the territory. Solomon Resources Ltd. is one such explorer who has reported making a recent play in the region in a big way. Solomon July 18 reported the acquisition of a...
Tri-Valley Corp., a California-based oil explorer, has cut an exploration-purchase deal with US Gold Corp. on the Richardson gold property, one of Tri-Valley's two mineral exploration properties in Interior Alaska. The agreement, penned July 1, provides US Gold with an option to acquire 60 percent interest in the 55-square-mile Richardson property once the Toronto-based company completes US$5 million in exploration and pays Select Resources Corp., Inc., Tri-Valley's mineral...
With analysts forecasting improved prices, earnings and cash flows for platinum group and base metals producers in 2011, more juniors are searching for these minerals in northern Canada. Prophecy Platinum Corp. reported results of a NI 43-101-compliant report and mineral resource estimate in mid-July for its Wellgreen platinum group element-nickel-copper property located about 35 kilometers (22 miles) northwest of Burwash Landing in southwestern Yukon Territory. Caribou Copper Resources Ltd. and Alix Resources Corp. July 20 s...
Zinc, the fourth most consumed metal in the world, is an essential building block of modern society and the dominant metal mined in Alaska over the past two decades. In 2010, 538,000 metric tons of zinc was mined at Teck Resources Ltd.'s Red Dog Mine and an additional 67,580 metric tons of zinc was recovered as a byproduct at Hecla Mining Co.'s Greens Creek silver mine, accounting for US$1.3 billion, or about 42 percent, of Alaska's US$3.1 billion of mineral production for...
Fire River Gold Corp. has fired up the mill at its Nixon Fork Mine, placing the Vancouver B.C.-based junior on the short list of Alaska hardrock gold producers. "Startup is going very well. We started with about 3,000 tons stockpiled (ore) ahead of it, which to most operations that does not sound like a lot but our monthly production is only about 4,000 tons a month," Fire River President Richard Goodwin told Mining News July 21. Though the 150-metric-ton-per-day operation is...
