The mining newspaper for Alaska and Canada's North

Articles from the October 30, 2011 edition


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  • Alaska accepts rare earth challenge

    Stefan Milkowski, For Mining News|Updated Oct 30, 2011

    Alaska officials are seeking to turn the national challenge of securing domestic supplies of critical minerals into an opportunity. "Alaska has accepted the challenge," Gov. Sean Parnell told participants in the Strategic and Critical Minerals Summit held Sept. 30 in Fairbanks. "Where China has said, 'We're going to curtail exports,' … Alaska is accepting the challenge of saying, 'We've got them here, and we want to provide them to our nation and to the world beyond." The Department of Natural Resources organized the...

  • Recent activity covers entire spectrum

    Curt Freemen, For Mining News|Updated Oct 30, 2011

    As termination dust settles over Alaska, the diversity of mineral exploration, development and production news this month covers the entire spectrum of mining industry activities. The last of the seasonal early-stage exploration projects are reporting in, a major producing company has entered the state for the first time, Alaska finished its first off-shore mineral lease process in more than a decade, several projects reported on resource definition and feasibility studies, a gold deposit was sold, a ballot initiative aimed...

  • Superior Court hands down Pebble ruling

    J. P. Tangen, For Mining News|Updated Oct 30, 2011

    In an exhaustive 154-page decision disposing of all claims against the State of Alaska, Superior Court Judge Eric A. Aarseth found that, in conjunction with the Pebble Project in Southwest Alaska, the State of Alaska's Miscellaneous Land Use Permit (MLUP) system, as administered, and the state's Temporary Water Use Permit (TWUP) program, as administered, did not violate the provisions of Article VIII of the Constitution of the State of Alaska. In an earlier ruling Judge Aarset...

  • China moves to gain high-tech dominance

    Shane Lasley, Mining News|Updated Oct 30, 2011

    Leveraging its global dominance in the realm of rare earth elements, China has set in motion a strategy to gain supremacy in manufacturing the vast array of technologically advanced products that depend on these metals. "China can exploit rare earths that they control all the way out to electric cars, wind turbines, whatever it is - and that is the grand strategy," American Elements Chairman and CEO Michael Silver told some 200 participants in the Alaska Strategic and...

  • New Gold agrees to buy Silver Quest

    Rose Ragsdale, For Mining News|Updated Oct 30, 2011

    New Gold Ltd., less than six months after gaining majority ownership of the Blackwater Gold Project in central British Columbia, has moved to consolidate its control of the project. The mid-tier gold producer reported Oct. 17 it had entered into agreements to acquire two juniors that currently claim significant stakes in gold-rich properties believed to host the mineral resource. New Gold entered a binding agreement to acquire Silver Quest Resources Ltd. in an all-stock transaction that valued Silver Quest's assets at about...

  • Board seeks path to more timely reviews

    Rose Ragsdale, For Mining News|Updated Oct 30, 2011

    The Mackenzie Valley Environmental Impact Review Board released an external report in early October that potentially could lead to significant improvements in the environmental assessment process for mineral exploration and development in a large, natural resources-rich region of the Northwest Territories. The report, commissioned by the Review Board and dated June 2011, was prepared by Stantec Consulting Ltd. of Yellowknife, NT and focuses on opportunities to improve the timeliness of the regulatory board's environmental...

  • NANA, NovaGold sign landmark agreement

    Shane Lasley, Mining News|Updated Oct 30, 2011

    NovaGold Resources Inc. and NANA Regional Corp. have forged a landmark partnership to explore and develop the Ambler Mining District - a region of Northwest Alaska renown for a 110-kilometer- (70 miles) long belt of world-class volcanogenic massive sulfide deposits rich in copper, zinc, lead, gold and silver that sweep across its breadth. The progressive agreement, penned by NovaGold President and CEO Rick Van Nieuwenhuyse and NANA President and CEO Marie Greene Oct. 19,...

  • Pebble, opposition each chalk a win

    Shane Lasley, Mining News|Updated Oct 30, 2011

    Opponents of the controversial Pebble Project and the companies that hope to someday develop the massive copper-gold-molybdenum deposit in the Bristol Bay region of Southwest Alaska, each claimed a recent victory in the high profile struggle that has been cast as world-class mine versus a world-class salmon fishery. The win for the Pebble Limited Partnership - a 50-50 joint venture between Anglo American plc and Northern Dynasty Minerals Ltd. to explore and develop the...

  • Sunken gold draws global miners to Nome

    Shane Lasley, Mining News|Updated Oct 30, 2011

    An offshore lease sale held in late September by Alaska Department of Natural Resources did not draw the typical crowd of explorers seeking oil and gas in state waters. Instead, local residents and global mining giants vied for the opportunity to explore for the legendary sunken gold that may lie beyond the aurum-rich beaches of Nome. The 23,793 acres of marine placer gold prospects auctioned by DNR's Division of Mining, Land and Water Sept. 28 fetched US$9.3 million in high...

  • Hunt for diamonds heats up in territory

    Rose Ragsdale, For Mining News|Updated Oct 30, 2011

    East of the hub of Canadian production in Northwestern Territories, diamond exploration intensified this year in far-flung corners of neighboring Nunavut. Ongoing work at the Chidliak Project to the east and the Jericho Mine to the west dominated activity in the sector, but explorers conducted modest programs at other projects in northeast and northwest Nunavut. Here's an early look at the progress of the 2011 campaigns and what lies ahead for them in 2012. Ready to build a mine At Chidliak, a 51/49 joint venture between BHP...

  • Junior cuts bonanza grades at Brucejack

    Rose Ragsdale, For Mining News|Updated Oct 30, 2011

    Pretivm Resources Inc. reported considerable exploration progress this field season at its high-grade gold Brucejack Project in northern British Columbia. The explorer Oct. 17 said it concluded exploration drilling at Brucejack for the season, with 176 holes completed totaling 72,144 meters. Pretivm also reported in September that ongoing drilling at Brucejack continued to demonstrate continuity of high-grade gold mineralization on the property, and visible gold continues to be encountered. Among drilling highlights: • Hole...