The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 226 - 236 of 236
The Alaska Division of Geological and Geophysical Surveys and the Department of Commerce and Economic Development have released their annual preliminary report on Alaska's mining industry for 2004. As expected, investment in all categories was up significantly over previous years. Exploration spending in 2004 was estimated at $63.7 million, up from $27.6 million in 2003. The 2004 expenditures were the highest in the state since 1981. Development expenditures jumped to $105.6 million vs. $39.2 million in 2003, thanks largely t...
December, January and February are normally a time when the mining industry can stop and catch its collective breath, look into its often cloudy but well-used crystal ball and prepare for the coming year. Not so the last December, January and February! While 2004 results continued to pour in from projects large and small, plans for 2005 are well advanced and in some cases, already in full swing. Metals prices remained strong and even the most pessimistic prognosticators...
NovaGold Resources appears to have hit another prospecting grand slam one year after optioning the Galore Creek project in a remote section of northwestern British Columbia. The Vancouver, British Columbia-based junior in August released "exceptional" drill results, the first from this summer's planned 20,000-meter (60,000-foot) program, and an economically positive scoping study for developing the large gold-silver-copper deposit as an open-pit mine. Four drill rigs were working on the property in late July, and a fifth was...
Heavy rains in late July and early August have dampened the number of wildlands fires that burned through Interior and the eastern part of Alaska, adversely affecting placer miners and metals prospectors attempting to complete field work this summer. Large fires in the eastern Interior, covering the Fortymile mining district, continue to smolder and creep, according to the Aug. 2 report from the Alaska Interagency Coordination Center, which is monitoring about 100 active fires in the state. So far, 520 fires in Alaska have...
As anyone can tell you who has tried recently to locate geologists, drill rigs and helicopters, Alaska is not the place to search for any of these commodities. Mineral exploration and development in Alaska is clipping along at a pace not seen in more than five years and in the process, these activities have sucked up just about all of the people, rigs and aircraft in the state. Exploration and development projects are spread from Nome to Ketchikan, the Brooks Range to...
Metals prices remain strong and funding for projects large and small is already in place or nearly so as Alaska prepares for the annual summer exploration dance. Exploration drilling on several winter drilling targets has been completed and summer drilling projects are beginning on several others. Mine permitting issues at Pogo have cast a shadow over the otherwise bright picture of Alaska's mining industry but resolution of this problem is expected sooner rather than later...
Although the traditional Alaska field season has not really arrived yet, three significant developments occurred in March: Teck Cominco and Sumitomo Metal Mining received final permits for the Pogo gold project from the U.S. Environmental Protection Agency allowing construction to move ahead at flank speed, Anglo American acquired its first U.S. mineral property in years by signing a joint venture option on Nevada Star's MAN nickel-copper-platinum group element project and Nov...
Alaska's exploration season is well under way with drilling in progress at several locations and planning for the summer season proceeding at a frenetic pace not seen in more than five years. Anyone who has tried to line up a drill rig, a helicopter or a project manager will tell you the same thing: all are in short supply, even at this early point in the year. Projects under way and planned for the coming year include numerous gold projects, several base metal projects, a...
As in past years, Canada's Fraser Institute (www.fraserinstitute.ca) has released the results of its annual mining investment attractiveness survey for 2003-2004. The survey represents responses from 132 junior mining companies and 27 senior mining companies who rated policy potential issues (regulatory and infrastructure), mineral potential and overall investment attractiveness in 53 political jurisdictions around the globe. The companies participating in the survey accounted for exploration budgets totaling US$642.4...
Spring is in everyone's step in the Alaska mining industry even if spring is not quite yet in the air here in Alaska. Buoyant spirits are related to surprisingly buoyant metals prices and positive economic news from the U.S. economy. Plans for 2002 are in progress and fieldwork on some projects already is under way. Exploration activities for gold in 2002 appear to be on the rise compared to 2001 as is exploration for base metals. The professional begging (money raising) season is in full swing for junior and intermediate siz...
As is always the case this time of year, many of the season's exploration and development programs are completed or nearing completion and the results of those programs are trickling in. In addition, second quarter 2001 operating results are in for Alaska's major mines, all of which are doing well despite depressed prices for all of the metals they produce. The state's most active areas include the Seward Peninsula, Interior Alaska and southeast Alaska. Here is what's going on. Western Alaska Cominco American's Red Dog mine...
