The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 84
6 is shaping up to be a pivotal year for unlocking the world-class potential of the Ambler Mining District in Northwest Alaska. Toward realizing this potential, Ambler Metals LLC, a joint venture equally owned by Trilogy Metals Inc. and a subsidiary of South32 Ltd., has budgeted US$28.5 million for 2022. This program is slated to include drilling, engineering studies, and the initiation of permitting for Arctic, the first mine to be developed on its Upper Kobuk Mineral...
When Australia-based South32 Ltd. decided to expand its portfolio into the Northern Hemisphere, Alaska was its first stop. Under a deal struck with Trilogy Metals Inc. in 2017, the major agreed to invest more than US$175 million to earn a 50% joint venture interest in the massive Upper Kobuk Mineral Projects in Alaska's world-class Ambler Mining District. After investing more than US$30 million to fully understand the mineral potential at UKMP, South32 agreed to pay US$145 mil...
Goldman Sachs' declaration that "copper is the new oil" may serve as a foreshadowing of Alaska's economic future, one that is not so heavily reliant on the revenues from petroleum flowing from the North Slope and leans more heavily on the state's rich endowment of precious, critical, and base metals. The investment bank's suggestion that copper is to become the strategically most important commodity on Earth is due to the vital role the conductive metal plays in global...
With the Upper Kobuk Mineral Projects being advanced under a joint venture with South32 Ltd., Trilogy Metals Inc. has begun exploring for Arctic-type volcanogenic massive sulfide deposits on three properties it staked across the southern slopes of the Brooks Range in northern Alaska during 2021. "While Trilogy is focused on the oversight of our primary asset, the UKMP which is being managed by Ambler Metals LLC, the joint venture company equally owned by Trilogy Metals and Sou...
The Red Dog Mine has been a gamechanger for the more than 15,000 Iñupiat shareholders of NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation that owns the world-class Red Dog deposits in Northwest Alaska that are the source of nearly 5% of the world's new zinc supply each year. The revenues from shipping out more than 1 billion pounds of zinc annually, along with healthy portions of lead, silver, and minor amounts of germanium, have served as a...
Trilogy Metals Inc. Nov. 29 reported that one infill hole drilled this year at Arctic is the third-best intercept ever encountered at this high-grade volcanogenic massive sulfide deposit at the Upper Kobuk Mineral Projects in Northwest Alaska. "The 2021 drilling campaign confirms that the Arctic project has some of the highest grades of polymetallic mineralization in the world with copper-equivalent grades frequently in the double digits," said Trilogy Metals President and...
Trilogy Metals Inc. Nov. 22 reported that assay results from two holes drilled this year at the Upper Kobuk Mineral Projects in Northwest Alaska tapped high-grade mineralization beyond the current pit at the Arctic Mine project. A 2020 feasibility study for developing a mine at Arctic details a financially robust operation that would produce 1.9 billion pounds of copper, 2.3 billion lb of zinc, 388 million lb of lead, 386,000 ounces of gold, and 40.6 million oz of silver over...
Leveraging its expertise in exploring for Arctic-type volcanogenic massive sulfide deposits in the Ambler Mining District, Trilogy Metals Inc. exploring for similar high-grade polymetallic deposits on three groups of claims east and west of the Upper Kobuk Mineral Project in Northwest Alaska. Being advanced by a joint venture equally owned by Trilogy and South32 Ltd., UKMP is a 427,690-acre land package that includes state and patented claims covering a 75-mile-long stretch...
While weather delays and a shortage of workers will likely prevent Ambler Metals LLC from achieving its targeted 14,600 meters of drilling at the Upper Kobuk Mineral Projects this year, the joint venture between Trilogy Metals Inc. and South32 Ltd. said this setback will not slow the permitting and development timeline for Arctic, expected to be the first mine developed in Northwest Alaska's Ambler Mining District. The reason for this is Ambler Metals prioritized the...
When Australia-based South32 Ltd. decided to expand its portfolio into the Northern Hemisphere, Alaska was its first stop. Under a deal struck with Trilogy Metals Inc. in 2017, South32 agreed to invest more than US$175 million to earn a 50% joint venture interest in the massive Upper Kobuk Mineral Projects in Alaska's world-class Ambler Mining District. After investing more than US$30 million to fully understand the mineral potential at UKMP, the major base metals producer...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
With a $13 million budget for predevelopment activities during 2021, a proposed road to the enormously metal-rich Ambler Mining District in Northwest Alaska takes another step closer to reality. This summer's work to prepare the proposed 211-mile industrial access road for a development decision will be funded equally by Ambler Metals LLC, which is working to develop the rich mineral potential at the road's terminus, and the Alaska Industrial Development and Export Authority,...
North of 60 Mining News recently spoke with Ramzi Fawaz, president and CEO of Ambler Metals LLC, a 50-50 joint venture between South32 Ltd. and Trilogy Metals Inc. to develop the rich mineral resources at the Upper Kobuk Mineral Projects in Alaska. In a candid conversation, Fawaz talks about what attracted him to Ambler Metals; the company's Alaska-based team and partnerships; the strategy for developing Arctic Mine and the other rich metals deposits at the Upper Kobuk Mineral...
Alaska Industrial Development and Export Authority Feb. 10 announced that its board has approved a long-term agreement with Ambler Metals LLC to share up to $70 million of the predevelopment costs for a proposed road to the Ambler Mining District in Northwest Alaska. "This is another example of AIDEA's role in establishing public-private partnerships supporting responsible development of Alaska's natural resources," said AIDEA Chairman Dana Pruhs. Such partnerships are the...
Strong metal prices and an infusion of cash from notable resource investors helped to salvage much of a 2020 mineral exploration season in Alaska that became lethargic with disruptions, delays, and shelving of field programs infected by the COVID-19 pandemic early in the year. At its onset, 2020 was looking like it would be the best year for Alaska's mining sector in a decade. Australia-based mining companies were slated to invest nearly US$100 million in mineral exploration...
Considering the global shift to low-carbon energy and electric mobility, copper is the most vital metal not on the United States Geological Survey's list of 35 minerals and metals considered critical to America's economic wellbeing and security. Copper's importance is due to the rapidly emerging electric vehicle, wind turbines and photovoltaic (PV) solar technologies need a lot more copper than the combustion cars and power plants they are replacing. It is estimated that the...
Ambler Metals LLC plans to invest US$27 million to advance the Upper Kobuk Mineral Projects in Northwest Alaska during 2021. The budget and program approved by equal partners in Ambler Metals – Trilogy Metals Inc. and South32 Ltd. – will primarily focus on the work required to ready the Arctic Mine project to enter permitting during the second half of 2021. According to a feasibility study finalized earlier this year, the Arctic deposit in Alaska's Ambler Mining District det...
Trilogy Metals Inc. and South32 Ltd. Aug. 25 announced that former Newmont Corp. senior executive Ramzi Fawaz has been appointed as president and CEO of Ambler Metals LLC, the 50-50 joint venture company formed by South32 and Trilogy to explore and develop the Upper Kobuk Mineral Projects (UKMP) in Northwest Alaska. Fawaz served as senior vice president of projects at Newmont from 2011 until 2019, with responsibility for the development and execution of Newmont's major gold...
The COVID-19 pandemic has led NANA Corp. and its mining partners, Teck Resources Ltd. and Ambler Metals LLC, to adjust their mineral exploration and mine development plans in order to meet the ever-evolving health and safety mandates to keep shareholders, employees and residents of Northwest Alaska as safe as possible. "Although the pandemic was unexpected, learning to adapt is nothing new for the region and Iñupiaq people. For 40 years, NANA shareholders have supported...
Trilogy Metals Inc. July 8 confirmed that the 2020 field programs at the Upper Kobuk Mineral Projects in Northwest Alaska has been deferred due to the COVID-19 pandemic. Ambler Metals LLC, a joint venture operating company equally owned by Trilogy Metals and South32 Ltd., had budgeted US$22.8 million for the 2020 program. Following the novel coronavirus outbreak, Ambler Metals met with NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for...
NANA Corp. and Ambler Metals LLC April 29 said they are working together to determine how a summer field season at the Upper Kobuk Mineral Projects in Northwest Alaska can progress while protecting communities and balancing job opportunities for residents of the region. Earlier this year, Ambler Metals, a joint venture operating company equally owned by Trilogy Metals Inc. and South32 Ltd., approved a US$22.8 million budget for the 2020 program at UKMP, which is a large land...
Trilogy Metals Inc. April 8 said Ambler Metals LLC still plans to carry out the US$22.8 million program at the Upper Kobuk Mineral Projects in Northwest Alaska, but COVID-19-related health concerns and restrictions could delay or even prevent the planned 2020 work. This year's work program at UKMP was announced following the February formation of Ambler Metals, a 50-50 joint venture partnership between Trilogy Metals and South32 Ltd. The largest part of this program will...
Trilogy Metals Inc. Feb. 26 announced that Ambler Metals LLC, a joint venture operating company equally owned by Trilogy and South32 Ltd., has approved a US$22.8 million budget for the 2020 program aimed at advancing the Upper Kobuk Mineral Projects (UKMP) in Northwestern Alaska. The largest part of this program will focus on advancing studies to prepare the Arctic mine project for permitting. A 2018 prefeasibility study for Arctic detailed plans for an open-pit mine and...
South32 Ltd. and Trilogy Metals Inc. Feb. 11 announced the finalization of a joint venture to advance exploration and development of the Upper Kobuk Mineral Projects in the Ambler Mining District of Northwest Alaska. Australia-based South32 has contributed US$145 million to fund this new JV named Ambler Metals LLC and Canada-based Trilogy provided the 426,690-acre Upper Kobuk Mineral Projects (UKMP) to the new JV owned equally by the two companies. The funds contributed by...
Contango ORE Inc. Jan. 6 announced that Rick Van Nieuwenhuyse has taken over as President and CEO of the Texas-based mineral exploration company advancing the Peak Gold project in eastern Alaska. Former President and CEO Brad Juneau has transitioned to executive chairman of Contango ORE, a company he co-founded and lead for the past decade. "I have known Rick for several years and followed his success with admiration," said Juneau. "We are extremely pleased that he has agreed...
