The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 1 - 8 of 8
On the surface, the U.S. Environmental Protection Agency's endeavor to halt the development of the Pebble Mine in Southwest Alaska has the appearance of a federal agency doing its job - protecting the environment. Pebble developers contend that under this thin but durable veneer lies a secretly crafted plan, not only to stop development of a mine at Pebble, but to lay the groundwork for a larger initiative that would broaden EPA's powers. "It lets EPA zone America - zone...
In an industry eager for even a scintilla of good news, a recent report from industry analyst SNL Metals & Mining recently gave the good-news-starved industry a bit of hope. SNL's article, titled, "Too early to start celebrating a recovery in the sector," indicated that although the downward trend in mineral exploration has not broken yet, the market has stopped down-grading mining equities, with a modest gain in market capitalization since its most recent low in mid-2013....
With the Ebola scare and the ISIS incursions dominating the international news and the various races for control of the Senate sucking all of the air out of the room domestically, it is easy to lose sight of the serpent slithering across America hissing and rattling and threatening to wreak destruction on all who would get in its way. The snake in the woodpile is the Environmental Protection Agency, and its current insidious objective is to leverage its dominion over all land...
Yukon Territory, lauded in recent years for its mine-friendly business climate, boast three operating mines coming online in the past seven years as well as strong prospects for more than doubling that number by 2020. Yet all three mines have hit rough patches in their operations in 2014 for distinctly different reasons. "It's been a little bit challenging for each of the producing mines this year," observed Robert Holmes, director of the Mineral Resources Branch of Energy, Mines and Resources in the Government of Yukon in...
Two companies that trace their roots to the oil and gas sector have agreed to form an alliance to continue exploration at the Tetlin gold-copper-silver property in Alaska's eastern Interior. In early October, Contango Ore Inc. announced that it inked a deal with Royal Gold Inc. that provides the Colorado-based royalty company the opportunity to earn up to a 40 percent interest in Tetlin. The agreement, which awaits final approval from Contango Ore shareholders, calls for the f...
Baffinland Iron Mines Corp. commenced mining operations in September at its Mary River iron ore mine located on northern Baffin Island, Nunavut. Mary River is one of the world's richest and largest iron ore deposits in development and contains roughly 365 million metric tons of high-grade ore. The current mine is extracting ore from the first of nine known high-grade iron deposits on the property. The first load of ore was transported Sept. 8 to the company's port site, which is under construction at Milne Inlet. There it...
Government policymakers in Canada and the Northwest Territories are joining mining companies in preparing for an employment boom that economists predict will swamp the North in the next three to five years. The anticipated surge in jobs is part of a nationwide wave of employment growth expected in the next decade. Canada will need 145,000 new workers in the mining sector along with 300,000 new workers in construction and 150,000 new workers in petroleum. The mining-driven Northwest Territories economy generates nearly 50...
When it comes to allocating a limited number of exploration dollars, Coeur Mining Inc.'s strategy is to funnel the money to projects that have demonstrated the ability to turn those dollars into precious metal. And, for 2014, the Kensington Mine in Southeast Alaska is where the bulk of the company's exploration dollars are flowing. When Coeur put together budgets for 2014, the precious metal miner allocated roughly US$25 million for exploration at six operating mines, two...
