The mining newspaper for Alaska and Canada's North
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It is high summer in Alaska and the wheeling and dealing are nearly as frenetic as the exploration, development and production going on all around the state. New deals continue to be cut on old and new projects while more established projects are being subjected to the "truth machine," otherwise known as the drill. This time-tested application has proven many a cock-sure geologist or engineer dead wrong but that doesn't stop anyone in the industry from picking himself up,...
The exploration season has started but not before a bevy of new corporate competitors have entered the Alaska mineral scene and not before a number of past producing mines have been dragged into the 21st century. During the last month, three new companies have acquired properties in Alaska and two old Alaska producers have been brought out of mothballs to have new exploration done on them. This month's commodities of interest include gold, copper, lead, zinc, silver, uranium,...
Exploration spending in British Columbia hit a record high of C$265 million in 2006, a figure that the province's mining minister, Bill Bennett was proud to announce at the recent Mineral Exploration Roundup in Vancouver. Unfortunately for Bennett, he probably won't be invited to boast about the industry's successes next year, since he was forced to resign in early February after sending an obscenity-laced email to a gun club member. "British Columbians want good jobs, and they also, frankly, want the tax revenues that come...
In the race to develop new mines in British Columbia, Calgary-based Copper Fox Metals is jostling its way to the front of the pack. In August the company started the environmental assessment process for its Schaft Creek copper-gold-molybdenum-silver project, filing a preliminary report with the provincial government. In September Copper Fox completed $5 million in expenditures at the property, enabling it to acquire a 70 percent ownership share from Teck Cominco, in accordance with an option agreement signed in 2002. A group...
Drop by Galore Creek camp this summer and you're sure to be well fed. A lively bunch of young people load up their plates with steak, shrimp, potatoes, salads and cakes, refueling after another rainy day in the field. The only slight problem for the casual visitor is getting here. There is no way into this temporary town up in the mountains of British Columbia other than by helicopter. From Wrangell in southeast Alaska a group from the Alaska Miners Association took a five-seater plane to Bob Quinn airstrip across the border...
If you enjoy reading upbeat news, I draw your attention to an article in the May 2006 issue of Alaska Economic Trends by Susan Erben of the Alaska Department of Labor and Workforce Development that describes a mine training program being conducted in Southeast Alaska. In that program, 78 students, ranging in age from 18 to over 60, were afforded the basic training necessary to gain entry level jobs in Alaska's evolving mining industry. With new major mines coming on line in...
Canada's mining industry could face a labor shortfall of more than 27,000 workers over the next 10 years - and that is the best case scenario, with no industry growth over the period, according to a report by the Mining Industry Training and Adjustment Council. "Prospecting the Future: Meeting Human Resources Challenges in the Canadian Minerals and Metals Industry" is an analysis of the situation that was published Aug. 24. In the worst case, with high growth in Canadian mining, the workforce shortage could reach almost...
The good news from Teryl, Kinross, Geoinformatics, Midas, Geocom and others is tempered by the loss of Alaska's gentleman scientist Ernie Wolff, who passed away on May 3; Liberty Star Gold appoints Phil St. George as VP of exploration s I write this summary of recent activities in Alaska's mining industry I am attending a once-every-five-year symposium in Reno put on by the Geological Society of Nevada. Some 1,500 attendees, mostly exploration geologists, are eagerly lapping up hours of new and previously unheard ideas on...
Despite the fact that winter has arrived over much of Alaska, exploration efforts continued at record pace throughout the state in October. Late summer programs are now competing for people and drills with early winter programs in a number of areas, a problem not normally encountered in Alaska. In a further sign of the strength of the rebound in the metals markets, a number of companies are already tying up people, drills, camp equipment, analytical services and helicopter...