The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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StrikePoint Gold Inc. July 22 announced that it has raised C$2 million, providing funds to begin exploring its newly acquired Willoughby property in British Columbia's Golden Triangle. Located roughly 30 kilometers (19 miles) east of Stewart, Willoughby is an intrusion related gold-silver exploration project with similarities to Ascot Resources Ltd.'s Red Mountain Mine project about seven kilometers (four miles) to the west. Drilling from 1989 through 1995 tapped high-grade...
In the westernmost reaches of Alaska lies "Tin City," a mining settlement that all but disappeared except for a lonely radar station looking out over our seas and skies today. Located on the Seward Peninsula's Bering Sea coast, about 90 miles northwest of Nome and five miles southeast of Cape Prince of Wales, Tin City was founded with aspirations as simple and as grand as the name had hoped for it. An all but forgotten camp that had implications far larger than it probably...
Pembridge Resources PLC July 22 announced that it has cut a deal with Sumitomo Corp. for copper concentrates from its newly acquired Minto Mine in the Yukon. Under this offtake agreement, Pembridge is to receive an advanced payment for at least 55,000 metric tons of copper concentrate produced by the Minto mine between now and the end of 2020. Sumitomo will make this advanced payment in monthly installments based on 90 percent of the estimated value of concentrate produced...
With the issuance of five presidential determinations related to the domestic production of rare earth metals and magnets, President Donald Trump is making it clear the White House sees this group of 17 technology elements as essential to the security of the United States. In five memos sent to the secretary of defense on July 22, Trump made an official determination under Section 303 of the Defense Production Act of 1950 that domestic production, separation and manufacturing...
With the Meliadine project near Rankin Inlet, Nunavut hitting its target for commercial production in mid-May, senior gold miner Agnico Eagle Mines Ltd. is already reaping the rewards of output from its newest and largest mine, in terms of mineral reserves, even as gold prices sprint upward. The target, accomplished ahead of schedule and anticipated to cost less than projected capital expenses of US$900 million, marks the second time the Toronto-based senior has ushered into...
Earlier this month Reuters reported that several agencies within the U.S. Federal government were "rapidly assessing" our domestic ability to mine and refine rare earth elements and utilize those 17 super cool elements in value-added products needed for a wide and ever-growing array of consumer and national defense products. Not surprisingly, mining industry officials demurred when quizzed about supplying information on where rare elements might be mined in the U.S. and how...
Aleut Corporation is committed to promoting economic opportunities for its more than 4,000 shareholders, while preserving the traditional culture and values developed from living in a ruggedly beautiful stretch of Alaska. The Alaska Peninsula and 167 named Aleutian Islands extending more than 1,000 miles off Southwest Alaska that make up the Aleut Corp. region form a border between the Pacific Ocean and Bering Sea. This geologically young island arc is part of the Pacific...
One of the highlights of my July each year is attending the Rocky Mountain Mineral Law Institute because mining lawyers and landmen from across the continent gather to hear presentations of interest to those of us who closely follow changes in resource development law. Each topical session of the presentations typically begins with a survey of new statutes, regulations and cases that affect mining law, oil and gas law, water law, public land law and environmental law....
