The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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U.S. Sen. Lisa Murkowski (R-Alaska) and Joe Manchin (D-West Virginia) have teamed up to introduce bipartisan legislation aimed at addressing America's "Achilles' heel" – a heavy dependence on foreign countries for its growing mineral needs. "Our nation's mineral security is a significant, urgent, and often ignored challenge. Our reliance on China and other nations for critical minerals costs us jobs, weakens our economic competitiveness, and leaves us at a geopolitical d...
Benchmark Metals Inc. April 22 announced it plans to complete 14,000 to 25,000 meters of drilling during the 2019 exploration program at the Lawyers gold-silver project in northern British Columbia. Located about 45 kilometers (28 miles) northwest of the Kemess copper-gold mine project, Lawyers is home to a small underground mine that produced 171,200 ounces of gold and 3.6 million oz of silver over a four-year period beginning in 1989. This historical mining, carried out by...
Benchmark Metals Inc. April 10 said assay results from resampling core from historical drilling at Lawyers continues to demonstrate the potential for a large bulk tonnage target encompassing the high-grade gold and silver previously identified on this northern British Columbia property. Located about 45 kilometers (28 miles) northwest of the Kemess copper-gold mine project, Lawyers is home to a small underground mine that produced 171,200 ounces of gold and 3.6 million oz of...
Benchmark Metals Inc. March 11 reported that its 2018 drill program has tapped gold and silver mineralization up to 350 meters southeast from the Cliffs Creek mineral resource area on the Lawyers project in northern British Columbia. Located about 45 kilometers (28 miles) northwest of the Kemess copper-gold mine project, Lawyers is home to a small underground mine that produced 171,200 ounces of gold and 3.6 million oz of silver over a four-year period beginning in 1989. This...
Graphite One Resources Inc. March 13 announced that it has received requisite approvals to change its name to Graphite One Inc. and consolidate its shares on a 10-to-1 basis. While developing Graphite Creek property in western Alaska is still a part of Graphite One's plans, the new name reflects Graphite One's transition to a technology and advanced materials manufacturing company that refines graphite mined at Graphite Creek into the materials needed for lithium-ion...
Benchmark Metals Inc. Feb. 8 reported high-grade gold-silver intercepts from 2018 drilling at the Dukes Ridge zone on the company's Lawyers project in the Golden Triangle region of British Columbia. Located about 45 kilometers (28 miles) northwest of the Kemess copper-gold mine project, Lawyers is home to a small underground mine that produced 171,200 ounces of gold and 3.6 million oz of silver over a four-year period beginning in 1989. The historical mining, carried out by Ch...
He who controls battery metals and the evolving energy storage technology controls the world of industrial power in the 21st century auto and energy storage industries. This is the message Benchmark Mineral Intelligence Managing Director Simon Moores delivered to the U.S. Senate Energy and Natural Resources Committee. Moores, a global authority on lithium-ion batteries and the metals that go into them, was invited to testify by Senate Energy and Natural Resources Chair Lisa...
U.S. Sen. Lisa Murkowski, R-Alaska, called on Congress to pass legislation that will curb the United States' increasing dependence on foreign countries for its growing mineral needs. In its Mineral Commodity Summaries 2018, the U.S. Geological Survey identified 50 minerals for which the U.S. was reliant on other countries for at least 50 percent of its supply, including 21 for which America is 100 percent import reliant. Many of these are on the USGS list of 35 minerals and...
Cobalt is an essential ingredient to optimizing the performance of batteries in the growing number of electric vehicles on global highways, yet essentially none of this battery metal is mined in the United States. With at least one advanced stage exploration project in Alaska looking into the potential of producing cobalt alongside its copper, America's 49th State could provide a domestic source for this critical metal. In its annual report, Mineral Commodity Summaries 2018,...
The surge in production of electric vehicles, and the batteries that power them, is driving the price of cobalt higher. A key ingredient in the cathodes of the batteries powering the growing number of EVs on the road today, cobalt has rocketed from around US$25 per pound a year ago to more than US$40/lb in recent weeks. This higher price, however, has electric carmakers looking for alternative recipes for rechargeable battery cathodes that use less cobalt yet delivers similar...
U.S. President Donald Trump sparked a renewed interest in critical minerals and metals when he issued an executive order calling on federal agencies to devise a strategy to ensure the United States has reliable supplies of these commodities vital to America's economic and strategic security. "It shall be the policy of the federal government to reduce the nation's vulnerability to disruptions in the supply of critical minerals, which constitutes a strategic vulnerability for...
Canada is the world's top destination for mining exploration spending, attracting more than 14 percent of global budgeted expenditures from explorers seeking to tap the country's vast mineral wealth. Yet in 2017, the three huge mineral-rich territories to the north, Nunavut, Northwest Territories and Yukon Territory, lured only about C$360 million, or less than one-fifth of the roughly $2.1 billion that junior and senior mining companies invested in mineral exploration and dep...
As a follow-up to last month's realization that once again "the game is afoot" in the mining industry, major gold producer Goldcorp recently presented some arresting statistics at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference. The presentation showed gold discovery and production information for the global mining industry that indicated that peak gold discovery occurred in 1995, this despite three periods between 1995 and 2015 when exploration...
Galvanized by higher zinc prices and strong production at Teck Resources Ltd.'s Red Dog Mine, the value of Alaska's mineral production topped US$3 billion for the fifth year running. Larry Freeman, chief of Minerals Resources at the Alaska Division of Geological & Geophysical Surveys, told an audience at the AME BC Mineral Exploration Roundup that production of zinc, lead and silver - all metals produced at Red Dog - climbed in Alaska during 2014. Gold production, on the...
A new preliminary economic assessment has stripped away the idea of underground mining as the only means to recover the copper, zinc, lead, silver and gold from the volcanogenic massive sulfide deposit at the Arctic deposit. Instead, the scoping study has encouraged NovaCopper Inc. to favor an open-pit mine scenario as it advances the Northwest Alaska project towards a pre-feasibility study. "We think this (PEA) demonstrates that the open-pit is a viable alternative; and I...
Scotiabank's Commodity Price Index, after losing significant ground in late 2012, started 2013 on a stronger note, climbing 3.8 percent in January before slipping 0.9 percent a month later, Scotiabank Vice President, Economics Patricia M. Mohr told a capacity crowd at 2013 Nunavut Mining Symposium in April. The annual gathering, held April 8-11 in Iqaluit, NU, the northern territory's capital, attracted 500 delegates, matching the record attendance reported for the symposium in 2012. Mohr, a commodity market specialist at...
The Nunavut Mining Symposium, held April 16-19 in Iqaluit, NU, the northern territory's capital, drew more than 500 delegates, a record for the annual gathering. Patricia M. Mohr, vice president of Scotiabank, delivered the keynote address, outlining the financial institution's 2012-13 outlook for metal prices, currencies and global growth. Mohr, a commodity market specialist at the Toronto-based international bank, said price increases in the bank's widely respected Metal & Mineral Index at 11.1 percent per annum during the...
Although the mining news for the last month was rather on the thin side in terms of volume, a number of significant milestones were reached by the Alaska mineral industry. Over the past 30 days or so, we have had new mineral resources published on three gold deposits and one polymetallic deposit. We've had the first preliminary economic analysis released on a deposit from the Ambler Mining District and the schedule for a second preliminary economic analysis announced for...
The last half of December and the first half of January are normally relatively slow for business in the mining industry, in general, and in Alaska, in particular. The last two weeks this December were a bit slower than the first two weeks of the month but if anyone was thinking that January 2011 was going to creep silently into being, they were sadly mistaken! With metals prices heading toward recent and, in some cases, historical highs, there seems to be a sense of urgency...
China has been importing copper and zinc at a record-setting pace since the beginning of 2009. This unprecedented level of buying comes at a time when the Far East country is experiencing the slowest growth in a decade, causing analysts to speculate on what is driving the country's stockpiling of these base metals. The good news for the mining industry is that China's hunger for copper and zinc has, at least for the short term, caused healthy gains in the prices of these...
NovaGold Resources and its Canadian subsidiary SpectrumGold are increasing spending this year for the company's Galore Creek property in remote northwestern British Columbia, kicking off a large, aggressive drilling and advanced exploration program in late May. Galore Creek, about 37 miles west of the Cassiar Highway and about 46 miles east of Wrangell, Alaska, is a large, well-defined gold-silver-copper resource previously worked by Kennecott. Three core rigs will work through the summer, completing more than 60,000 feet of...
