The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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...
A feasibility study for developing a mine at the world-class Arctic deposit in Alaska's Ambler Mining District 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 an initial 12-year mine life. While high-grade volcanogenic massive sulfide deposits such as Arctic are typically mined from underground, the Arctic feasibility study details...
While mining activity remained strong in the Northwest Territories in 2019, industry and government officials alike worried that the robust sector, driven largely by production at three diamond mines, has entered a prolonged downward slide. The near-term economic outlook for the territory, which covers 1.3 million square kilometers in Canada's central Arctic region, continues to be bleak as its diamond mines that have now passed peak production and replacement projects are in...
